Home Equity Line (Standard)
We offer Home Equity Lines of Credit on one to four family owner occupied properties in NJ and PA. The home must be the owner's primary residence.
- No application fee
- No points
- Annual Percentage Rate may change at any time. Rates may increase after consummation.
- Variable APR is based on the Prime Rate (Prime) as published in the Wall Street Journal
- Minimum credit line amount $10,000; First 5 years interest only; 15 year repayment – principal and interest.
* APR denotes Annual Percentage Rate. Owner occupied 1-4 family residential property(ies) secured by a first or second lien in NJ or PA. Extended to owners of the property being pledged as collateral. Maximum loan-to-value ratio of 80%. Hazard insurance is required on all Home Equity Lines of Credit. Flood insurance may be required. Title insurance required for loan amounts over $500,000. Early Termination fee if paid off or refinanced with another lending institution within 24 months of settlement; $200 for loan amounts $20,000 and less; $400 for loans greater than $20,000. Borrowers are responsible for mortgage recording fee. Other applicable fees may apply.
Lines of Credit are subject to credit approval.
Rates and terms are current as of 07/27/2023 and are subject to change at anytime without prior notice.
Home Equity Loans
We offer Home Equity Loans on one to four family owner occupied properties in NJ and PA. The home must be the owner's primary residence. Loans can be secured by first or subordinate liens on dwellings.
*** Terms, Rates and Fees are subject to change without notice. Interest Rates subject to credit approval. APR = Annual Percentage Rates. Contact The Bank of Princeton for details. Call your local Customer Service Representative or 609.921.1700.