Home Equity

Meeting Needs with Home Equity Financing

We’ve earned the trust of our communities and have long been committed to delivering what’s important to them. We are meeting our customers’ needs and helping fulfill dreams – whatever they may be. Home improvements, debt consolidation, education or a long-overdue vacation can be successfully financed with the right home equity loan.

Home Equity Line of Credit

Bogota Savings Bank offers instant purchasing power and flexibility with a home equity line of credit (HELOC) that fits your specific needs. With access to cash at any time, a line of credit is a valuable financing option for large purchases or expenses that are needed immediately. Education tuition, home renovation projects or unforeseen medical expenses are typical expenses that may benefit from home equity lending. Visit your local branch or call (201) 862-8260 Ext 1124. You can also choose to take advantage of our Online Application or download a hard copy of our HELOC Application.

Questions?

For more information or questions, visit your local branch or call 201-862-8260 Ext 1124.

View Today’s Home Equity Rates

*Start Rate of 6.750% based on NY Prime rate as published in the Wall Street Journal minus 1.00% for the life of the loan. Floor rate is 5.000%. Product has a 15-year draw period, followed by 15-year repayment only period. First and second lien 1-4 family (owner-occupied) with a loan amount up to $750,000 has a maximum LTV of 80%; loan amount from $750,001 - $2,000,000 has a maximum LTV of 75%; loan amount above $2,000,000 has a maximum LTV of 70%. Maximum LTV’s for Condos, Planned Unit Developments and Townhouses will be reduced by 5%. Line amounts $300,000 or more may require title insurance at borrower’s expense; Adequate property insurance is required at borrower’s expense and flood insurance may be required also at borrower’s expense. Subject to credit and underwriting approval. Product available on 1-4 family owner-occupied dwellings in many NJ counties. Appraisal required. Other line products, rates and terms are available. Rate valid as of November 12th, 2024 and is subject to change at any time without prior notice. The bank is not responsible for any errors or misrepresentations.