Home Equity Lines & Loans

The equity in your home can finance your dreams.

Whether you are looking to renovate your home or take a special vacation, you may be able to use the equity in your home for financing.

 

Home Equity Line of Credit  

Two River Community Bank’s Home Equity Line of Credit (HELOC) is convenient, flexible and offers some of today’s most competitive rates. A HELOC is similar to a home equity loan, except that money can be taken out as needed rather than as a lump sum. It is an ideal way to leverage the equity in your home to manage periodic expenses, or to have funds available in case of emergency. 

 

Once you are approved for an amount, you can borrow and repay repeatedly without additional paperwork. Another benefit of a HELOC is that you only pay interest on the money you have actually borrowed. Best of all, the interest on your line may be tax deductible.1

 

  • Use convenient line of credit checks to access your line 
  • Loan amounts up to $350,000 
  • Low variable rate 
  • No application fees 
  • No appraisal fees on loan amounts up to $250,000 
  • Pay off principal at any time without penalty2 

 

Download the Home Equity Line of Credit Application now.

 

 

Home Equity Loans

If you would like to use the equity in your home for a one-time purchase, you may wish to consider a Home Equity Loan, which is a fixed-rate first or second mortgage that allows a homeowner to borrow against and use the equity in their home or other qualifying real property. Like a line of credit, interest on the loan may be tax deductible.1

 

  • Predictable monthly payments that stay the same no matter how the economy or interest rates may change 
  • Borrow a fixed amount based on the equity in your home 
  • Repay loan over time with a fixed rate and flexible terms 
  • Loan amounts up to $350,000 
  • No application fees 
  • No appraisal fees on loan amounts up to $250,000

 

Contact us at 732.378.5400 to apply for a Home Equity Loan.

 

 

For more information about Home Equity Lines and Loans from Two River Community Bank, visit your local branch or contact us.

 

 

1Please consult your tax advisor. Subject to credit approval.

 

2Borrower agrees that in the event that the facility is closed out and paid off within 36 months of closing, the borrower shall reimburse the Lender in that amount equal to the greater of (i) all waived bona fide third party charges, and (ii) all costs incurred by Lender in connection with the origination of the facility, which costs shall be in an amount equal to lesser of (a) Eight Hundred Dollars ($800.00) or (b) 2 percent of the amount prepaid. The reimbursement amount determined under the preceding sentence shall be included in the payoff amount of the loan.