Use your home’s equity to do what you need.

You can borrow against the equity in your home for debt consolidation, home improvement, educational expenses or to make large purchases. We offer low interest rates, on a Fixed Home Equity or a Home Equity Line of Credit. The amount available to borrow will be based on the equity in your home.

Both our Home Equity Line of Credit and Fixed Home Equity Loans offer:

  • No application fees
  • No points
  • No appraisal fees
  • No processing fees
  • No prepayment penalty
  • No closing costs
  • Optional Disability and Life Coverage.  Click here for more information. (link to Credit Life/Disability Brochure)

Have questions or want to know which type of Home Equity Loan product is best for your needs? Speak to a Novartis Federal Credit Union loan officer at 973-947-1000 Option 2 or stop by our branch.

Home Equity Loan Features:

  • Low, fixed rates
  • Flexible terms of up to 15 years
  • Variety of fixed repayment options
Click here to Apply

Home Equity Line of Credit Features:

  • Low, variable rates
  • A Line you can draw on as needed
  • Borrow for 10 Years and repay for last 5 years
Click here to Apply


Effective Date 12/04/2019, Rates Subject to Change

Home Equity Lines of CreditVARIABLE APR
1. SPECIAL - As Low As  5.50% No Floor 1/2% over Prime for Life of Loan or Prime Rate is 4.75%.
2. As Low As 1.00%  below Prime Rate with Floor
( Floor Rate is 5.00%)
Rate is 5.0%
Fixed Rate Second MortgagesAPR
Rates as low as5.25%

* Not all applications will qualify, subject to credit approval. Additional terms & conditions may apply. Actual rate may vary based on credit worthiness and term.


We are convenient. fast. friendly.