LocationsHome Equity Loans
Home Equity Loans provide a lump-sum loan amount that is available at the loan's initiation and is repaid in monthly installments over the life of the loan.
Home Equity Loans offered:
- A loan amount based on a set percentage of your homes appraised value, less the balance of your first mortgage, and any other mortgages and/or liens. Call for more details.
- Interest rates that are lower than most other types of loans.
- Terms and loan amounts vary to suit your credit needs. Call for details.
Home Equity Lines of Credit
A Home Equity Line of Credit is the most flexible way to utilize your home's equity. It allows you to tap into your equity, as you need it. Think of it as the ultimate credit card. You can spend by borrowing against it whenever you choose.
Credit Lines offer:
- Outstanding versatility and flexibility.
- An effective means of addressing unexpected as well as planned expenses.
- Credit lines from $5,000 to $500,000 or more.
- Highly competitive interest rates and you only pay interest on the money you borrow.
- Annual Percentage rates, subject to change monthly, are indexed to the Prime Rate and may change after consummation.
- Credit line term of 10 years.
- A monthly statement detailing all transactions and indicating the amount of credit remaining.
The current Annual Percentage Rate (APR) is 5.00% and would cost $8.28 per $1,000 borrowed per month, the maximum APR is 18%. This is a variable rate plan and the rate can increase after consummation. The following fees apply: $93.00 recording fee, $34.00 post closing search fee and $63.00 for Assignment of Rents and Leases.
News & Events
Press Releases
May
1st Constitution Bancorp Reports a 13.6% Increase In Net Income
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Jan
1st Constitution Bancorp Reports Strong Fourth Quarter and Annual Results
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