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*Start rate of 3.50% based on NY Prime rate as published in the Wall Street Journal minus .75%. Floor Rate is the “start rate”. Maximum rate is 15%. Line is a 20-year revolving term with a maturity balloon payment due at the end of 20 years. Minimum line amount is $75,000 and maximum line amount is $500,000. Line amounts over $300,000 may require title insurance at borrower’s expense. Appraisal required showing a maximum loan to value ratio of 70% on a 1-2 family owner-occupied dwelling in many NJ counties. Rate valid as of June 14, 2017. There is a non-refundable application fee of $99. A renewal fee of $50 will be charged each year on the anniversary month of the line. Adequate property insurance is required. Flood insurance is required where applicable. Other loan products, rates and terms are available. Subject to change without prior notice. Subject to all bank underwriting conditions.
We’ve earned the trust of our communities and have long been committed to delivering what’s important to them. We are meeting our customers’ needs and helping fulfill dreams – whatever they may be. Home improvements, debt consolidation, education or a long-overdue vacation can be successfully financed with the right home equity loan.
Bogota Savings Bank offers instant purchasing power and flexibility with a home equity line of credit (HELOC) that fits your specific needs. With access to cash at any time, a line of credit is a valuable financing option for large purchases or expenses that are needed immediately. Education tuition, home renovation projects or unforeseen medical expenses are typical expenses that may benefit from home equity lending.
Take advantage of our Online Application or download a hard copy of our HELOC Application.
For more information or questions, visit your local branch or call 1-201-862-8260 Ext. 1124.
View Today’s Home Equity Rates.
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