Rates

Home Equity Fixed Rate Loans

Term:
12 months up to 240 months

Collateral:
1st or 2nd lien on principal residence or vacation home

Application Fees/Closing Costs:
None

Standard Annual Percentage Rate ("APR"):

Term	1st Lien	2nd Lien
12 to 60 months	5.99%	6.49%
61 to 84 months	6.24%	6.74%
85 to 120 months	6.24%	6.74%
121 to 180 months	6.49%	6.99%
181 to 240 months	6.74%	7.24%

The Standard Annual Percentage Rates above can be discounted by direct debit and direct deposit:

• 0.25% reduction for auto-withdraw of payment from any NJM Checking Account; or
• 0.50% total reduction for auto-withdraw of payment from any NJM Checking Account with Direct Deposit (Fully Discounted)

The Annual Percentage Rates shown above are effective as of September 5, 2008 and are subject to change at any time. Payment example: for every $1,000 borrowed at an interest rate of 5.99% APR at 5 years your payment will be $19.33.

Applies to owner occupied (principal residence and vacation home) 1-4 family homes, townhouses, and condominiums in NJM Bank's lending area. Not available for Purchase Money Security Interest (PMSI). Homeowners insurance from the insurer of your choice is required. Federal flood insurance is required for any property located in a designated flood zone. All extensions of credit are subject to underwriting eligibility.

* The maximum debt to income qualifying ratio generally should not exceed 40% of the gross monthly income to cover monthly payments related to the borrower's residence, all monthly credit obligations, alimony/child support payments, and payments for the loan under consideration.

Use our financial calculators to help you determine the financing and payment options that are best for you.