Home Equity Loans & Lines
Prepare for What Comes Next. It’s On-the-House with a Home Equity Loan or Line of Credit!
Unlock the power of your home and imagine the possibilities! Whether you want to renovate your home, consolidate debt, or make a major purchase, we offer flexible solutions to help reach your financial goals.
Compare the features and benefits of our home equity financing options to determine which is right for you.
Home Equity Line of CreditVariable rate line of credit, secured by your home, with the option to borrow only what you need, when you need it, up to your credit limit |
Home Equity LoanA fixed interest rate loan, secured by your home, to finance a specific amount for a definite period of time | |
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Accessing Your Funds | Simply access funds as needed through Online or Mobile Banking or HELOC checks | Receive your funds in one lump sum |
Payments | Flexible monthly payments during the 10 year draw period; choose between interest only or principal + interest payments | Predictable fixed monthly payments of principal + interest for the life of the loan |
Features & Benefits |
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Not quite ready to apply? Get started by downloading an application today!
Home Equity Line of CreditVariable rate line of credit, secured by your home, with the option to borrow only what you need, when you need it, up to your credit limit |
Home Equity LoanA fixed interest rate loan, secured by your home, to finance a specific amount for a definite period of time | |
|---|---|---|
Accessing Your Funds | Simply access funds as needed through Online or Mobile Banking or HELOC checks | Receive your funds in one lump sum |
Payments | Flexible monthly payments during the 10 year draw period; choose between interest only or principal + interest payments | Predictable fixed monthly payments of principal + interest for the life of the loan |
Features & Benefits |
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Not quite ready to apply? Get started by downloading an application today!
*Eligibility will be determined based on your verified total annual household income and property location when you submit a Home Equity Loan application. Eligible properties must be located within Lakeland Bank’s CRA Assessment Area which includes various counties in New Jersey and New York. For income limits and each covered county, visit the Rates page.
*Eligibility will be determined based on your verified total annual household income and property location when you submit a Home Equity Loan application. Eligible properties must be located within Lakeland Bank’s CRA Assessment Area which includes various counties in New Jersey and New York. For income limits and each covered county, visit the Rates page.
