973-473-2200

New Telephone Number
(973) 778-6791
 

Home Equity Loans and Lines of Credit

Interest Rates and Terms    Effective: 09/11/2014
Term
Rate
Points
APR*
Payment per $1000  
Max LTVR
Max Loan
20 Year Fixed
15 Year Fixed
10 Year Fixed
5 Year Fixed
4.500%
4.250%
4.000%
3.750%
0
0
0
0
4.507%
4.259%
4.013%
3.774%
$6.33
$7.52
$10.02
$18.30
80%
80%
80%
80%
$250,000/$5,000
$250,000/$5,000
$250,000/$5,000
$250,000/$5,000

1-4 Family & Condominiums: 80% maximum loan to value ratio.
Investment Property: 70% maximum loan to value ratio / Interest rates 1% higher
Second Homes: 75% maximum loan to value ratio / Interest rates 1/2% higher / 1 family & condominium only.
Application Fee: $150

Important Details
• Borrow up to $250,000
• We keep all loans in-house, so you're assured of Clifton Savings Bank's personal service.

*APR = Annual Percentage Rate
Interest rates and terms are subject to change without prior notice

Home Equity Lines of Credit      Effective: 09/11/2014
Rate: 3.25%; rate to adjust monthly to prime rate (prime rate is currently 3.25%)
Points: 0
APR*: 3.25%
Term: 20 Years (15 year draw period, 5 year repayment period)
Rate Caps: 18.00% maximum /3.25% minimum (no cap per adjustment)
Maximum LTV: 80% 1-4 Family and Condominiums
Loan Amounts: $250,000.00 maximum / $5,000.00 minimum
Minimum Draw: $500.00
Application Fee: $150.00
Property Type: 1-4 family and condominium; primary residences only

*APR = Annual Percentage Rate
Interest rates and terms are subject to change without prior notice