Equity Extra CreditLine

Need to tap the equity in your home? We've got a credit line with Prime for life.

Available for single-family homes and condos
Properties must be primary residences
Rate stays at Prime for entire term
Interest-only payments for first five years
No minimum draw requirement at closing

We're the go-to New York bank to help you finance your big plans.

Sometimes the financing answer you need is right at home. Our Equity Extra Creditline can give you the money you need for home improvements, education expenses, debt consolidation and more, with an interest rate that will be the Prime Rate for the life of your loan.* You may also save on state and federal taxes, since the interest on your line of credit may be tax deductible.**

Just write a check to access funds during the five-year, interest-only period. Your line is automatically replenished by any principal payments you make during the initial five-year period. After that, you have 20 years to pay off your principal and interest.

When you establish your Equity Extra Creditline, you are responsible for all fees required to process and close the loan. However, there is no minimum draw requirement at the time of closing to activate your home equity line of credit.


Call 212-224-6464 to see how our New York bank home equity line of credit can work for you.

*The Annual Percentage Rate (APR) for the Equity Extra Creditline may vary and is based on the highest Prime Rate as published in The Wall Street Journal on the 15th of the month. As of July 2018, the Prime Rate is 5.00%; therefore, our interest rate of Prime is 5.00%. The maximum APR is 17%. There is a $35 annual fee that is waived for the first year. For a line of $125,000, closing costs are estimated to be between $1,160 and $11,458. Rates and terms are subject to change without notice. All loans are secured by a mortgage or lien on your home. Property insurance is required. Available on owner-occupied family residences and condominiums.
**Consult your tax advisor regarding the deductibility of interest to determine if you qualify under current tax laws.

Apple Bank home equity loans are not available on property located in New Jersey or Connecticut, or on co-op properties.
Apple Bank is the lender (NMLS #446713) on the Equity Extra Creditline product.