North Shore Bank

Home Equity Line of Credit Special

The effort was theirs — we just helped with the financing.

North Shore Bank Home Equity Line - young graduate with grandfather

Whether you’re looking to finance renovations, college tuition, a new car or even a vacation home, our Home Equity Line of Credit can take the sting out of borrowing. Besides having a low rate and a super-easy online application process, our home equity lines feature:

  • No closing fees or closing costs*
  • Loan amounts up to $500,000
  • The option to convert part or all of your balance to a fixed rate*

North Shore Bank Home Equity Line - Apply Now buttonFor more information about our Home Equity  Line of Credit, call Customer Support at (978) 573-1300 (during normal operating hours), stop in at any of our branch locations or just start an application by visiting our Online Mortgage Center.


* Annual Percentage Rate (APR) as of 11/30/18 is 2.99% fixed for the first 12 months of the line. Thereafter, the rate will adjust to the Prime Rate as published in the Wall St. Journal on the last business day of the month (Prime Rate as of 11/30/18 was  5.25%) minus .50%. Maximum interest rate is 18.00%, with a floor of 3.00% after the first year. Requires an initial draw of $20,000 at closing. Automatic payments from a North Shore Bank checking account required. If auto pay is discontinued at any time, the rate will adjust to Prime. Property insurance is required and flood insurance may be required. $50 Annual Membership Fee (waived the first year if the borrower has an Advantage Checking account.). 1-4 family owner occupied properties and second homes only. Property must not be currently listed for sale. Minimum line amount is $25,000. Maximum line amount $500,000. For Loan requests up to $250,000, the Bank may utilize automated appraisals to determine property value. If a full appraisal is needed or requested by the borrower, the appraisal fee will be at the borrower's cost. Maximum 75% combined loan-to-value based on appraised value. Maximum debt-to-income ratio 43%. Early termination fee of $500 for equity line accounts closed within the first 36 months. Subject to credit approval. If property is held in a Trust, or there are outstanding discharges, borrowers will pay additional fees. If the line is in first lien position or in excess of $250,000 title insurance will be required to be paid by the borrower. NMLS Number. 466007