LOANS TO INDIVIDUALS
Your home is a valuable asset. One that you can borrow against when you need money for repairs, education, a car or other expenses. Lakeland Bank offers a Home Equity Loan that lets you lock in a competitive fixed rate, for a specific amount, with fixed payments that will be the same for the life of the loan. This is ideal for those who want to know exactly what their payment will be each month. The amount that you may borrow is based on the equity in your home, your income and credit history. The full amount of your loan is disbursed to you at closing. The interest on the amount that you borrow may be 100% tax-deductable (please consult with your tax advisor).
A Lakeland Home Equity Loan
can help with life's little surprises.
No Fees
Decisions within 24 hours
Payments are fixed for the life of the loan
Interest may be tax deductible**
Main Headquarters
Located at:
250 Oak Ridge Road,
Oak Ridge, New Jersey 07438
(973) 697-2000
www.lakelandbank.com
Current Home Equity Loan Rates
5- Year
5.73% APR*
60 monthly payments
of $19.21 per
$1,000 borrowed
10- Year
6.13% APR*
120 monthly payments
of $11.17 per
$1,000 borrowed
15- Year
6.63% APR*
180 monthly payments
of $8.78 per
$1,000 borrowed
20- Year
6.87% APR*
240 monthly payments
of $7.68 per
$1,000 borrowed
Offices located throughout Bergen, Essex, Morris, Passaic, Sussex and Warren Counties
*APR (Annual Percentage Rate) includes a .25% discount for having the monthly loan payment automatically deducted from a Lakeland Bank checking or savings account. The APR will increase if, at any time during the term of the loan, the automatic payment deduction is discontinued. The APR's shown are for our fixed rate Home Equity loan product, up to $500,000 with a maximum LTV of 75% on owner occupied 1-4 family properties. APR is as of 06/26/09 and subject to change at any time. Subject to credit approval. Homeowner insurance is required.
**Consult your tax advisor.
Stop by any of our conveniently located offices or call Toll Free: 1-877-224-LAKE to apply now or copy
and paste into your browser this URL address: http://lakelandbank.com/html/consumer_loans.cfm
and APPLY ONLINE NOW! Our Lakeland Bank web site address is: www.lakelandbank.com. If you
would like to speak directly to a Loan Officer, please contact: James Trotta, (973) 697-2000 ext. 321 or complete
the inquiry section below to request an email response.
[The information on this page is updated directly by the lender using HSH's LiveEdit service. Please contact the lender with any questions or comments about the information posted here.]
