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Home Equity Loans and Lines of Credit. An OceanFirst Home Equity Loan or Line of Credit provides a flexible and easy solution to the challenge of covering life's many expenses. At OceanFirst we offer fixed-rate Home Equity Loans and variable-rate Home Equity Lines of Credit (HELOCs) to suit your needs.
For current rates and terms, call James Mazzola. 800-974-6678 ext. 7286 or email at jmazzola@oceanfirst.com |
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| Adjustable Rate Home Equity Loans | |||
| 10 Year Term | 15 Year Term | 20 Year Term | |
| Program | Rate/APR | Rate/APR | Rate/APR |
| 1 Year ARM | NA | NA | NA |
| 3 Year ARM | NA | NA | NA |
| 5 Year ARM | NA | NA | NA |
| NO FEES! LOAN AMOUNTS $2,500.00 to $350,000 - SAME RATE FOR PRIMARY RESIDENCE & 2nd HOMES (Call for Investment Properties) - NO INCOME LOANS AVAILABLE - Automatic Payment required if located within 5 miles from a OceanFirst Bank branch - companies - NY rates might be higher. | |||
| Fixed Rate Home Equity Loans | |||
| 75%LTV | 80%LTV | 90%LTV | |
| Term | Rate/APR | Rate/APR | Rate/APR |
| 5 Year | 5.875% | NA | NA |
| 10 Year | 6% | NA | NA |
| 15 Year | 6.125% | NA | NA |
| 20 Year | 6.37% | NA | NA |
| NO FEES! LOAN AMOUNTS $2,500.00 to $350,000 - SAME RATE FOR PRIMARY RESIDENCE & 2nd HOMES (Call for Investment Properties) - NO INCOME LOANS AVAILABLE - Automatic payment required if located within 5 miles from an OceanFirst Bank branch - NY Rates might be higher. | |||
| Home Equity Line | |||
| Term | Rate/APR | ||
| 5 to 15 Yr. | 4.00% | ||
| 20 Year | 4.00% | ||
| Interest Rate: Prime for life with 4% floor - NO FEES REQUIRED - Primary & 2nd Homes (Call for Investment Properties) - Automatic Payment Required if located 5 miles from an OceanFirst Bank Branch - Loan Amounts $5,000.00 to $250,000. NY Rates might be higher. | |||
Rates as of 11/7/09 and are subject to change.
| *Home Equity Loans secured by lien on home. APR shown applies to primary and secondary homes only. Call for rates on investment properties and loan amounts over $250,000. Hazard, flood and title insurance may be required. Loans over $250,000 may also require appraisal fee. Loan-to-value ratios over 90% available through associated companies. For borrowers residing within a 5-mile radius of an OceanFirst branch, direct debit payment from an OceanFirst checking or savings account may be required to get APR shown. Fees may apply to checking or savings accounts. APR shown does not apply to properties outside New Jersey. APR is based on the JP Morgan Chase Prime Rate which was 3.25% as of December 17, 2008, and is subject to change before and after closing. |
Want More Information From OceanFirst Bank?
Contact Jim Mazzola 1700 Galloping Hill Rd. |
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