American Bank Of New Jersey

A Community Bank with a Competitive Edge

Welcome to our Web site at
http://www.hsh.com/lshow/ab-nj.html

American Bank Of New Jersey long tradition of conservative fiscal management and unparalleled commitment to customers began in 1919 and has continued to this day.

For more than 80 years, the bank's balance sheet has reflected sound operations, showing a significant increase in capital and a stable deposit base. American's rates and services have consistently been among the most competitive, and the bank's investment in the community remains the industry benchmark.

American Bank Of New Jersey is indeed a community bank with a competitive edge, providing personalized, "hometown" service and competitive rates and programs. The bank's friendly service provides an atmosphere to which people want to return. American's convenient hours, knowledgeable representatives, and superior programs make banking effortless and rewarding.

Customers of American Bank Of New Jersey:

  • Choose from more than 60 different mortgage options
  • Secure Home Equity Loans below the Prime Rate for the life of their loan
  • Enjoy totally free checking
  • Invest in money market and NOW accounts
  • Retire comfortably with IRAs, Keoghs, and other accounts
  • Depend on the bank's personal and student loans
  • Build up their savings with our Passbook Accounts and Certificates of Deposit
  • Take advantage of Direct Deposit and MAC programs
  • Pay NO annual fee on MAC and Debit cards
  • And return for other options in the bank's full range of services!

American Bank Of New Jersey retains the servicing of all its loans. This means that if you have a question about your loan, you can simply call the bank.

American Bank Of New Jersey offers a full range of banking services:

  • Mortgage loans including 1 - 4 family, multi-family,
    mixed use and commercial real estate loans
  • Home equity loans (fixed and line-of-credit)
  • Personal and student loans
  • Passbook savings accounts
  • Checking accounts
  • Overdraft Checking Protection
  • Certificates of Deposit
  • Money market and NOW accounts
  • IRAs, Keoghs, and other retirement accounts
  • And many more!

Current Mortgage Rates

ARM Mortgage to $850,000
Program Rate Points APR Fees In
APR
1/1 Yr. ARM 5.250% 0.00 5.268%  399.50
3/1 Yr. ARM 5.250% 0.00 4.888%  399.50
3/3 Yr. ARM n/a 0.00 n/a  n/a
4/1 Yr. ARM na 0.00 na  na
5/1 Yr. ARM 5.375% 0.00 5.003%  399.50
7/1 Yr. ARM 5.500% 0.00 5.140%  399.50
10/1 Yr. ARM 5.750% 0.00 5.416%  399.50
 3/1/40 ARM na 0.00 na  na
5/1/40 ARM na 0.00 na  na
 5/1/30 ARM INTEREST FIRST 5.625% 0.00 5.089%  399.50
7/1/30 ARM INTEREST FIRST 5.750% 0.00 5.249%  399.50
10/1/30 ARM INTEREST FIRST 6.000% 0.00 5.547% 399.50
30 YR. FIXED 6.000% 0.00 6.019%  399.50
20 YR. FIXED 5.750% 0.00 5.775% 399.50
15 YR. FIXED 5.500% 0.00 5.531% 399.50
10 YR. FIXED 5.375% 0.00 5.419% 399.50
Rates As Of 05/16/2008 subject to change

Fixed rates are for loan amounts up to $417,000. For rate questions on other fixed rate mortgages, please call 1-800-748-3605

Rates shown are for 1-4 family owner-occupied properties, and second homes. For 1-4 family non-owner occupied add 3/8 (.375) to rates for all products with LTV of 75% or less; add 1/2 (.50) for LTV 75.01% to 80% LTV; add 5/8 (.625) for LTV 80.01% to 90% LTV. Add 50 BP to margin for adjustable rate loan on investment properties.

ARM Loans Available to $1,500,000.00. Call For Rates.

Our Line-Of-Credit Home Equity Loans

Term Rate APR L.T.V. Max. Amt. Fees In
APR
20 Years *4.99% (interest only) 4.99% 80% $500,000.0  
20 Years Wall Street Prime minus 0.51% (interest only) 4.99% 80% $500,000.0  

LTV is 70% for debt consolidation
Property must be an owner-occupied 1- to 4-family home in New Jersey.
$350.00 fee due at payoff if the line is closed within the first 24 months.
Lifetime cap of 14.50%
Floor rate of 4.99%.
Call for information on additional available Line Of Credit programs. *Rate is 1.01% below prime if payment is automatically deducted from a deposit account at American Bank of New Jersey

Fixed Rate Home Equity Loan

Term Rate APR L.T.V. Max. Amt. Fees In
APR
5 Years 6.000% 6.000% 80% $500,000.00  
7 Years 6.125% 6.125% 80% $500,000.00  
10 Years 6.125% 6.125% 80% $500,000.00  
15 Years 6.375% 6.375% 80% $500,000.00  

LTV is 70% for debt consolidation
Property must be an owner-occupied 1- to 4-family home in New Jersey.
Higher Loan Amounts Available, call for more details at 1-800-748-3605

Rates as of 05/16/2008 and are subject to change without notice.

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American Bank Of New Jersey

365 Broad Street
Bloomfield, NJ 07003
973-748-3600
1-800-748-3605

Please note our Web site address:
http://www.hsh.com/lshow/ab-nj.html

Member, FDIC Equal Housing Lender
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