( 201 ) 304-7746 www . BogotaSavingsBank . com
NORTHJERSEY . COM | SUNDAY , MARCH 24 , 2024 | 11
* Start Rate of 7.50 % based on NY Prime rate as published in the Wall Street Journal minus 1 % for the life of the loan . Floor rate is 5.00 %. Product has a variable rate for the life of the loan . Product has a 15-year draw period , followed by 15-year repayment only period . Maximum line amount of $ 500,000 . Line amounts over $ 300,000 may require title insurance at borrower ’ s expense . Product available on 1-4 family owner-occupied dwellings in many NJ counties . Appraisal required showing a Maximum loan to value ( LTV ) of 75 % for lines up to $ 300,000 ; 70 % for lines up to $ 500,000 . Rate valid as of March 11 , 2024 . Other loan products , rates and terms are available . Subject to change without prior notice . Subject to all bank underwriting conditions . The bank is not responsible for any errors or misrepresentations . ** APR = Annual Percentage Rate .
( 201 ) 304-7746 www . BogotaSavingsBank . com