With competitive rates and a quick, streamlined process, our Refinance options make it easy to tap into your home’s rising value and move forward with confidence.
Refinance Options
Explore how your home's rising value can work for you
New Jersey home values have risen more than 45% in the last five years*, meaning your home may be worth far more than you think. If you’re looking to renovate, consolidate debt, or cover major expenses, there are several smart ways to tap into that increased equity. Choose from a traditional Refinance to take advantage of better mortgage terms, a Cash-Out Refinance for a new mortgage with cash back, or our flexible Choice Home Equity Line of Credit for ongoing access to funds. Whatever your goals, we make it easy to put your home’s value to work.
Refinance
Refinance
- Replace your existing mortgage with a new one that may offer better terms
- Lower your monthly payment to better align with your financial goals
- Secure a fixed or adjustable rate that fits your budget and long-term plans
Cash-Out Refinance
Cash-Out Refinance
- Turn equity into cash to fund renovations, consolidate debt, or cover major expenses
- Enjoy one fixed monthly payment with competitive rates and a streamlined application process
- Access cash at closing without adding a separate loan or monthly payment
Choice Home Equity Line
Choice Home Equity Line
- Best suited for ongoing, everyday borrowing needs, such as debt consolidation, car purchase, or home projects
- Enjoy a quick closing and no closing costs
- Take advantage of flexible payment options that suit your budget
Have Questions? Amboy Can Help!
Amboy Bank offers cash-out refinances for those who want to tap into some their home’s equity. The cash-out amount depends on your home’s value and how much payment you can afford.
As an alternative to cash-out, Amboy offers a Choice Home Equity Loan with qualifying refinances. This way, you can use only what you need as you need it, instead of taking a lump payment.
Amboy Bank can help you work through the numbers and find a mortgage for you. Explore our mortgage options or get the process started right away!
The decision to refinance a home mortgage can involve many factors. You might want to take cash out of your home at when you refinance to use for other purposes. Or, you might want to obtain a lower interest rate and/or lower your payments. Or, maybe you can afford a higher payment and want to decrease your term so that you save money in the long run.
Use our calculator below to see if now is the right time to refinance your mortgage. Then explore our mortgage options or get the process started right away!
A home equity loan offers a fixed amount that you borrow in a lump sum, while a home equity line of credit allows you to borrow funds as needed. Both require a monthly payment. Choosing between the two types can be a difficult decision, but Amboy makes it simple with our Choice Home Equity. It’s a loan and line combined into one! It starts out as a line, but a portion of it can be converted to a fixed loan whenever you want. We also offer traditional home equity lines and loans.
Use our calculator below to see if a line or loan is best for you. Then explore our home equity options or get the process started right away!
The amount of equity available for a home equity loan or home equity line of credit is determined by the loan-to-value ratio of the home. A loan-to-value ratio is calculated by taking total mortgage debt (including any second mortgages or existing home equity loans) and dividing it by the current, appraised value of the home.
The calculator below can help you determine how much equity exists in your home. Amboy can work with you to find the home equity option that is best for you! Or, get the process started right away!
Terms and Disclosures:
*Average home values based on single-family homes in Zillow Home Index as of 10/31/2025.