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Best Home Equity Line of Credit (HELOC) and Home Equity Loan Lenders in New Jersey – NextAdvisor

Editorial IndependenceWe want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see Ho…….

We want to help you make more informed decisions. Some links on this page — clearly marked — may take you to a partner website and may result in us earning a referral commission. For more information, see How We Make Money.

The Jersey shore. Atlantic City casinos. Liberty State Park. New Jersey has some fantastic attractions, and with its proximity to New York and Philadelphia, it’s a popular state for working professionals. 

The typical home value in New Jersey is $467,384 as of June 2022 — 15.1% higher than this time last year, according to Zillow. With higher home values, more homeowners can take advantage of home equity loans or home equity lines of credit (HELOCs) to fund home improvement projects, pay for college tuition, or consolidate debt.

But, with great home equity comes great responsibility. While home equity loans and HELOCs are a better alternative to high-interest debt like credit cards and personal loans in many situations, at the end of the day, they’re still forms of debt that can bring serious financial consequences if you can’t repay them. Before taking out any loan secured by your home’s equity, make sure you only borrow what you need and you have a plan to pay it back. 

If you’re ready to take out a home equity loan or home equity line of credit in the Garden State, be sure to shop around. Comparing offers from multiple lenders in the state will allow you to get the lowest possible rate and save money on your loan. These are NextAdvisor’s picks for the top home equity loan and HELOC lenders in New Jersey. 

Best National HELOC and Home Equity Loan Lenders in New Jersey 

Editorial Independence

As with all of our home equity loan and home equity line of credit (HELOC) lender reviews, our analysis is not influenced by any partnerships or advertising relationships. For more information about our scoring methodology, click here.

Good for wide nationwide availability

U.S. Bank

Editor’s Score: (4.4/5)

Editor’s Score: (4.4/5)

Last updated
August 8, 2022

All reviews are prepared by NextAdvisor staff. Opinions expressed therein are solely those of the reviewer. The information, including
rates and fees, presented in the review is accurate as of the date of the review.

Good for wide nationwide availability

U.S. Bank

Editor’s Score: <span …….

Source: https://time.com/nextadvisor/loans/home-equity/best-heloc-home-equity-loan-lenders-new-jersey/

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