Home Equity Fixed Rate Loan

Terms Available

5 year, 10 year, 15 year, 20 year, and 30 year fixed rate terms
Current rates effective November 10, 2017

Term Rate APR** Monthly Payment Per $1000 borrowed
5 Year Fixed 3.250% 3.372% $18.08
10 Year Fixed 3.600% 3.664% $9.94
15 Year Fixed 3.900% 3.944% $7.35
20 Year Fixed 4.200% 4.235% $6.17
30 Year Fixed 4.990% 5.016% $5.36
**Annual Percentage Rate Calculation based on $100,000 loan

Investment Property Loans Available — Call for rates

The payments do not include amounts for taxes and insurance premiums, if applicable, and that the actual payment obligation will be greater. Property insurance required. Flood insurance may be required.
Please note: The rates listed above are subject to change at any time without notice.

Loan Amounts:

$5,000 - $200,000 - Maximum LTV 75%, less 1st Mortgage balance
$201,000 - $500,000 - 1st Lien - Maximum LTV 75%
Combined 1st & 2nd Lien - Maximum LTV 75%
(LTV = Loan to Value)

NJ Properties only, owner occupied, 1-4 family: Now serving all of Bergen,Passaic, Essex,Hudson, Union,Morris,Sussex,Warren, Middlesex, Mercer, Somerset and Hunterdon Counties.

Refundable Origination Fee: $150.00 or $300.00 (The fee of $150.00 is required for a loan request up to $100,000.00. If you are borrowing over $100,000.00 or if the combined amount of your 1st and 2nd mortgage is $250,000.00 or over, the fee of $300.00 is required)

*We will refund your origination fee provided your loan closes. If you should re-apply with GRSB for an additional equity loan on the same property within a one year period, your Origination Fee WILL NOT be refunded.

A Glen Rock Savings Bank Home Equity Loan may be a good option if you are planning:

  • Home Renovations
  • Your Dream Vacation
  • Large Purchase


  • Fixed interest rate for the life of the loan
  • Predictable monthly payments
  • A definite pay-off date
  • Potential tax benefits, interest may be tax deductible (consult your tax advisor)
  • Choose from many terms available
If you would like an application simple press "Download an Application" and you can view and print a complete application kit. You can then return it to our Mortgage Department at: "250 Lincoln Ave,Hawthorne,NJ"
These applications require legal size paper in your printer.

Download an Application

Offer subject to credit approval.

For current rate and fee information call 973-636-2596.