The rate is fixed and does not change during the term without any prepayment penalty. Credit A Home Equity Line of Credit is an open-end loan that is secured by a lien on your primary residence, which must be located in the state of New Jersey. Rutgers Federal Credit Union does not charge any application fees, points, appraisal fees, or processing fees for your Home Equity Line of Credit. You may repay the loan at any time without any prepayment penalty. First Mortgage Rutgers Federal Credit Union is working with CU Mortgage Center to offer a full range of mortgage products.
Interest rates change daily.