In today's world of mega-corporations and touch-tone service, isn't it nice to know you can still go to a bank where real people care about your real finances? At NVE Bank, we believe in supporting local businesses and taking care of families in order to sustain a vibrant and growing community.

Your calls and questions will never be referred to some faceless corporate headquarters halfway across the country. Our employees live and work in the same neighborhoods as you do, and share the same interests and concerns as you. Why not drop by one of our many convenient branches and talk to us about what we can do for you? That's why we're here.

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To apply on-line, visit us at http://www.nvemortgagecenter.com

Equity Credit Lines

%APR
 Terms Maximum Amount
Variable
1 or 5 yr draw $500,000.00
Equity Credit Line Notations
*The interest rate for the 1 yr draw is fixed at 2.250% during the draw period. After that the interest rate during the repayment period is floating at the Prime Rate, currently 3.250%.The interest rate for the 5 yr draw is floating at the Prime Rate, currently 3.250%. After that the interest rate during the repayment period is floating at the Prime Rate, currently 3.250%. During the draw periods payments of interest only are required. After the draw periods there is a 20 yr repayment period during which payments of principal and interest are required. There is a floor of 3.250% and cap of 14.250%.

The maximum loan amount is for 1-4 family properties. For condominiums or townhouses the maximum equity line is $250,000.00 regardless of the mortgage lien position.
Our products are offered on New Jersey owner occupied properties and a mortgage recording fee will be collected from the borrower at closing.

Equity Credit Loans

APR w/Loan Link Checking APR w/Payment Coupons Terms Maximum Amount
 3.500% 1st lien 3.750% 1st lien 5 Yrs $500,000.00
 3.875% 2nd lien  4.125% 2nd lien 5 Yrs $350,000.00
 3.625%1st lien  3.875% 1st lien 10 Yrs $500,000.00
 3.875% 2nd lien  4.125% 2nd lien 10 yrs $350,000.00
 3.750% 1st lien  4.000%1st lien 15 Yrs $500,000.00
 4.000% 2nd lien  4.250% 2nd lien 15 Yrs $350,000.00
 3.875% 1st lien   4.125% 1st lien 20 Yrs $500,000.00
 4.125% 2nd lien   4.375% 2nd lien 20 Yrs $350,000.00
Equity Loan Notations
All interest rate APR's stated with Loan Linked Checking require automatic monthly payment deductions from an NVE Bank Loan Linked Checking account.

The maximum loan amount is for 1-4 family properties. For condominiums or townhouses the maximum equity loan is $250,000.00 regardless of the mortgage lien position.
Our products are offered on New Jersey owner occupied properties and a mortgage recording fee will be collected from the borrower at closing.
Above Rates as of 05/16/2013 and are subject to change

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70-76 Engle St.
Englewood, NJ 07631
Phone: 201-816-2800
Fax: 201-568-9821
E-mail:sstagg@nvebank.com

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