Home Equity Fixed Rate Loan

Terms Available

5 year, 10 year, 15 year, 20 year, and 30 year fixed rate terms
Current rates effective April 3, 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 5.500% 5.527% $5.68
**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.

Refundable Application 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 application fee after closing. If you re-apply with GRSB for an additional equity loan on the same property within a one year period, your Application Fee WILL NOT be refunded. If your application is withdrawn or denied, this fee will not be refunded.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
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.