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Home Equity

Finding value in your home, for your home

What is Home Equity?

Home equity is the value of a homeowner’s financial interest in their home. In other words, home equity is the difference between the value of your home and the total amount owed on the home mortgage.

Tap into the value of your home!

By using the equity your home, North Jersey FCU has various ways to get you the money you need! Explore options like a fixed-rate loan or line of credit to get you started.

Fixed-rate Home Equity Loan

as low as 6.00%APR*

A fixed-rate home equity loan is also known as a second mortgage. This type of loan allows you to borrow against the equity you’ve built in your home through your down payments, routine mortgage payments, and increased home value.

We provide the following services to help make your vehicle shopping convenient and hassle-free:

*APR = Annual Percentage Rate. Stated 6.00% APR applies to a Fixed Rate Home Equity Loan with a term of up to 240 months at 80% Combined Loan to Value (CLTV). A $10,000 Home Equity Loan at 6.00% APR requires 60 monthly payments of $193.37 for principal and interest. Disclosed rates are for applicants with the best credit score. Your rate may be higher.

Home Equity Line of Credit

A home equity line of credit is a great way to pay for ongoing or unexpected expenses, such as extended-term debt or home improvements. HELOC may be a good fit for you if:

  • You are looking for a lower rate, different than other loan offers
  • You have equity built up in your home
  • You want regular access to funds for emergencies or school tuition

Use the equity in your home to pay for whatever life brings your way!


Get Started:

Apply for a loan, get a decision,
become a North Jersey FCU Member.

Call 973-785-9200 | email: [email protected]

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