Skip to main content Skip to footer content

Choice Home Equity Line of Credit

A Better Way to Pay for the Things You Want

The Choice Home Equity Line of Credit puts cash in your pocket quickly and provides the flexibility to adjust your payment to your budget with the option to lock in your rate with just a phone call. Our local, non-commissioned advisors will take the time to explain how the loan can best work for you. And since we don't sell our loans, we're with you for the life of your Home Equity loan if any questions or new need arises.
 

Choice Home Equity Features

  • Available for almost any expense- home improvements, credit card consolidation, car purchase, education, etc.
  • One easy application form with average approval within 3 business days. Get access to cash in weeks, not months.
  • Ongoing access to the line as you pay your line or loan back
  • Easy borrowing. Just write checks to borrow on credit line
  • Convert part of your balance to a fixed rate loan with a simple phone call (up to 3 loans totaling $100,000)
  • Interest may be tax-deductible (consult your tax advisor to be sure you qualify)


Loan Sale: 6.50% APR Guaranteed for the First Year

See How Our Rate Compares
  Amount Rate First-Year Interest
Credit Card $25,000 20.78% $5,195
HELOC $25,000 9.25% $2,313
Auto Loan $25,000 8.33% $2,083
Amboy HELOC $25,000 6.50% $1,625

Rate Options

With our Choice Home Equity, you'll receive one line of credit with two rate options throughout your draw period. You also choose when you need funds.

Plus, you can lock - or unlock - the rate on qualifying balances at any time during your draw period.
 

Variable Rate

Fixed Rate
All new balances start with a variable rate and payment. Choose the stability of a fixed rate and monthly payment.
Competitive low variable rate and payment that can result in more affordable payments. The flexibility to lock in a fixed rate on all or part of your variable-rate balance during the draw period
Great for home improvements, consolidating debt, and refinancing other loans. Great for large home improvement projects, debt consolidation, and major expenses.
  Learn More About Our Fixed Rate Option >

Get Started
Call 800-942-6269

Looking for More Info and Options?

Senior Choice Home Equity
Improve My Home
Refinance My Home
Terms & Conditions *Introductory (“Intro”) Annual Percentage Rate (APR) of 6.50% in effect for the first 12 months on balances up to $100,000, with an initial minimum draw of $10,000. During the Intro period, the portion over $100,000, and on all balances after the Intro period, the APR will be Prime plus .50% and may change daily. Prime is highest rate published daily by WSJ. Prime as of 12/19/2024 is 7.50%. Lifetime rate floor is 4.00% APR, lifetime cap is 12.99% APR. Min. Line is $15,000, max. $150,000. Annual Fee of $35 waived for the first year. Early termination fee applies if loan is closed in first two years. Available on owner-occupied 1-4 family NJ residences only. Property insurance is required. Offer may be withdrawn at any time. Subject to credit approval. Additional terms may apply. Average credit card, home equity, and auto loan rates based on Bankrate.com New York metro area national average rates on 9/11/2024. Average auto loan rate based on 48-month used car rate.