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Columbia Bank

Home Equity Loans

EFFECTIVE AS OF 09/16/2020 

Home Equity Fixed 1st Lien Position Loan Amounts $20,000 to $500,000

*Payments do not include taxes and insurance (if applicable) and the actual payment obligation will be greater.

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Product Term ##1Interest Rate##2APR*Monthly P&I Payments Per $1,000 Borrowed Taxes & Insurance Not Included 
5 Year Fixed 3.750%3.750%60 Payments of $18.30Apply Now
10 Year Fixed 4.125%4.125%120 Payments of $10.18Apply Now
15 Year Fixed 4.250%4.250%180 Payments of $7.52Apply Now
20 Year Fixed 4.625%4.625%240 Payments of $6.39Apply Now

*Payments do not include taxes and insurance (if applicable) and the actual payment obligation will be greater.

[1] All loans are for New Jersey residents only. You will be required to pay a Mortgage Recording Fee at the time of closing. This fee can range from $50.00 to $60.00 depending upon the county in which the secured property is located. Adequate property insurance is required for all real estate secured loans. If the property is located in a special flood hazard area (SFHA), flood insurance is required. For first lien home equity installment loans in an SFHA we will require that an escrow account be established for the flood insurance premium. Please contact Columbia Bank at (800) 522-4167 for further details and other program terms All loans are subject to credit approval.

[2] Rates quoted are for owner-occupied and secondary residences located in New Jersey. Maximum loan to value of  75% on combined liens. Total combined liens cannot exceed $1,000,000. Maximum loan to value of 65% on Condominiums.

Home Equity Fixed 2nd Lien Position Loan Amounts $20,000 to $500,000

*Payments do not include taxes and insurance (if applicable) and the actual payment obligation will be greater.

Want to calculate your estimated payment?

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Product Term ##1Interest Rate##2APR*Monthly P&I Payments Per $1,000 Borrowed Taxes & Insurance Not Included 
5 Year Fixed 4.000%4.000%60 Payments of $18.42Apply Now
10 Year Fixed 4.375%4.375%120 Payments of $10.30Apply Now
15 Year Fixed 4.500%4.500%180 Payments of $7.65Apply Now
20 Year Fixed 4.875%4.875%240 Payments of $6.53Apply Now

*Payments do not include taxes and insurance (if applicable) and the actual payment obligation will be greater.

[1] All loans are for New Jersey residents only. You will be required to pay a Mortgage Recording Fee at the time of closing. This fee can range from $50.00 to $60.00 depending upon the county in which the secured property is located. Adequate property insurance is required for all real estate secured loans. If the property is located in a special flood hazard area (SFHA), flood insurance is required. Please contact Columbia Bank at (800) 522-4167 for further details and other program terms All loans are subject to credit approval.

[2] Rates quoted are for owner-occupied and secondary residences located in New Jersey. Maximum loan to value of  75% on combined liens. Total combined liens cannot exceed $1,000,000. Maximum loan to value of 65% on Condominiums.

Home Equity Line of Credit Prime +.75% Loan Amounts $25,000 to $500,000

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Product Term ##1APR For The First 12 Months##2APR After 12 Mo Introductory Period##3 
10 Year Draw and 20 Year Repayment Period2.990%4.000%Apply Now

[1] This Home Equity Line of Credit (HELOC) is available for 1-4 family, owner-occupied properties in New Jersey. Homeowners insurance is required, flood insurance may be required. Maximum combined LTV 75%. A mortgage recording fee is due at closing. The fee ranges from $50 to $60 depending on the county where the secured property is located. Maximum credit line is $500,000 and minimum credit line is $25,000 with a minimum draw of $100. This offer does not apply to current Columbia Bank HELOC customers. Minimum monthly payment during the draw period of 10 years, 1/240th of the outstanding principal balance or $40.00, whichever is greater plus finance charges and late charges. Minimum monthly payment during the repayment period 20 years is the greater of $100.00 or an amount sufficient to amortize the loan. At the end of the draw period you will no longer be able to obtain credit advances and must pay any outstanding balance over a maximum twenty (20) year term. Once this HELOC has been opened, the borrower(s) may not obtain this same line of credit type from us anytime within the next 24 month period unless the borrower reapplies and is approved for a credit limit that is higher than the original credit limit granted. All loans are subject to credit approval.

[2] Annual Percentage Rate (APR). 2.99% APR is fixed for the introductory period, the first 12 complete billing cycles and variable thereafter.

[3] The variable APR is the prime rate plus .75% as published in the Wall Street Journal on the 15th of the month. The current prime rate is 3.25% resulting in a current APR of 4.00%. Annual Percentage Rate (APR) is a variable rate and may change monthly. The Credit line has a minimum APR of 4.00% and a maximum APR of 15%.

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Investments are NOT FDIC Insured, not Bank guaranteed, not a deposit, and not insured by any federal government agency. Investments may lose value.

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