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You've invested in your home. Now, put it to work for you. Get access to the cash you need to give your front a facelift, build a backyard oasis, afford a major life milestone or just consolidate debt. It's your money and it's there when you need it.

Home Equity Line of Credit

Use a Home Equity Line of Credit any time for any reason - like when you need a pool of cash for a new pool. The interest on your HELOC may be tax deductible. Just be sure to consult your tax advisor.
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  • 20 year draw period
  • Minimum loan amount $10,000
  • Competitive low rates
  • Interest Only Option Available

MINIMUM PAYMENT REQUIREMENTS. You can obtain advances of credit for 240 months (the "draw period"). During the draw period, payments will be due monthly. Your minimum periodic payment will be equal to the greater of 1/240th of the outstanding balance of your Account plus the accrued interest as of the closing date of each billing statement or $50.00, unless your unpaid balance is less than the latter amount, in which case your minimum payment will be that amount.

BALLOON PAYMENT. After the Draw Period ends, you will no longer be able to obtain credit advances. Paying only your minimum payment may repay less than the outstanding balance at the end of the Draw Period. You will be required to pay the entire unpaid balance that you owe and any outstanding fees or charges after the expiration of the Draw Period in a single balloon payment.

Fixed Rate Home Equity Loan

A Fixed Rate Home Equity Loan is a great option when you want to borrow a specific amount. The interest from your Home Equity Loan may be tax deductible. Just be sure to consult your tax advisor.

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  • Flexible terms available
  • Minimum loan amounts from $10,000
  • Fixed monthly payments
  • Competitive low rates
  • Offer of credit is subject to income restrictions and credit approval

Let us help you

For more information about OceanFirst products and services, please e-mail us your questions, visit your local branch, or give us a call at 1-888-623-2633.