North Shore Bank

Home Equity Line of Credit Special

You put in the sweat, we'll take care of the equity.

North Shore Bank Home Equity Line - image of couple

Financing home improvements is easy with a low-cost
home equity line from North Shore Bank.

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 us at 877-712-7000, 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 1/1/2018 is 2.49% 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 3/22/18 was 4.75%) 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. Appraisals are required, but will be paid for by the Bank. 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. Contact a loan specialist for more information about the convertibility option. NMLS Number. 466007.