*New customers only. APR=Annual Percentage Rate. Property must be an owner-occupied 1-4 family home in New Jersey. Application Fees as follows - lines above $150,000 up to $249,999: $175 (1 family), $350 (2-4 family). Lines of $250,000 or more: $250 (1 family) $350 (2-4 family); however, if the line is secured by a property in excess of 2,800 square feet a fee of $400 will be charged. Commitment Fee of $125 (waived if at least $25,000 is drawn at closing to pay creditors other than Spencer Savings. Conversion Fee of $75 ($125 in the first year). Early Termination Fee if line is closed within the first 24 months: $300 (lines up to $100,000) or $500 (lines above $100,000). As of 08/31/10 the Prime Rate as published in the Wall Street Journal was 3.25% resulting in a Rate of 2.99%. There is a Maximum Rate of 13.990% and a Floor Rate of 2.99%. Property Insurance required. Flood Insurance may be required. Rates and terms are subject to change without notice.