Home Equity Fixed Rate Mortgage
**** HELOC Mortgages. Annual Percentage Rate, Rates & APR's are for owner-occupied properties at a maximum of 75% Loan to Value Ratio. If your first mortgage is currently with Metuchen Savings Bank, then the maximum accepted Loan to Value Ratio is 80%. The Initial Interest Rate for the first month is the Prime Rate less 1.00% and can change every month thereafter according to the Prime Index Value as published in the Wall Street Journal. The Minimum interest rate during the term of the loan is 5.50% APR. The maximum interest rate is 16.00%. Rates are subject to change without notice.