Home Equity Fixed Rate Loan

Terms Available

5 year, 10 year, 15 year, 20 year, and 30 year fixed rate terms
Current rates effective May 22, 2020

Term Rate APR** Monthly Payment Per $1000 borrowed
5 Year Fixed 3.450% 3.572% $18.17
10 Year Fixed 3.750% 3.814% $10.00
15 Year Fixed 4.100% 4.145% $7.45
20 Year Fixed 4.350% 4.385% $6.25
30 Year Fixed 5.000% 5.026% $5.37
**Annual Percentage Rate 

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.

Investment Property Loans Available - call for rates.

Please note: The rates listed above are subject to change at any time without notice.

Loan Amounts:

$5,000 - $500,000 75% Loan to Value less 1st mortgage balance.

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

No application fee on primary residents. 

You will be required to pay a Mortgage Recording Fee at the time of closing. This fee can range from$60.00 to $80.00, depending upon the county in which the secured property is located. If, at the time of closing, the applicable state law is revised to change the amount of this fee you will be required to pay the revised amount.

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
For your convenience, you can download the application to complete, and then return it to our Mortgage Department at "175 Rock Road Glen Rock".

Download an Application

Offer subject to credit approval.

For current rate and fee information call 201-652-8776.