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• Home Equity Line of Credit
• Installment Loans
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Home Equity Line of Credit

North Shore Bank (Bank) offers a Home Equity Line of Credit (HELOC) loan, with a variable Annual Percentage Rate (APR) as low as a fully indexed rate equal to the current daily published Prime Rate (as published in The Wall Street Journal) + a margin of 0% APR. The Bank’s fully indexed HELOC loan has a floor rate (minimum) of 4.00% APR to a ceiling rate (maximum) of 19.90% APR and a Loan to Value (LTV) not to exceed 80%. The actual Bank fully indexed HELOC APR may vary based on: the amount of your credit limit, and whether your monthly HELOC payments are automatically debited from a Bank checking account. Fully indexed rates equal Prime + 0% APR for $50,000 - $250,000; Prime + .50% APR for $25,000 - $49,999; or Prime + 1.00% APR on lines of $5,000 - $24,999 up to 80% LTV. As of 6/6/2013, Prime rate was 3.25% APR. Ask what the fully indexed current HELOC rate is at time of your application. Without auto-pay from a Bank checking account add .50% APR to the above respective fully indexed HELOC APR’s. Paying the minimum interest only monthly payments will not repay the principal that is outstanding on your line; you will be required to pay the entire outstanding balance in a single payment (balloon payment) at the end of the initial loan term, at the end of any extensions or renewals granted by Bank, or when you terminate the line. Closing costs are an estimated $445 - $950. Closing costs may be waived if HELOC amount does not exceed $100,000 and no appraisal, title, recording or other outside services are required. Annual fee of $50 applies after the first year. Annual fee may be waived if the HELOC loan carries an average balance for the previous 12 months of $10,000 or more, and borrower maintains a Bank checking account with automatic debit of any monthly payment due. A Fixed rate home equity conversion loan option is available up to 100% of your approved HELOC loan amount. Conversion loan rates and terms will vary depending on whether the line of credit is a first or second lien, and they are only available through your line of credit loan conversion option (Maximum of 3 conversions at one time). Selecting an amortization schedule longer than your conversion loan term will result in a balloon payment of the entire outstanding conversion loan balance due in full at the end of your selected conversion loan term. To check current line of credit or conversion loan rates and terms, please contact your nearest branch. If this HELOC is terminated by the borrower during the first 3 years an early termination fee of $350 applies. Consult tax advisor regarding interest tax deductibility. Valid on qualified owner occupied properties in Bank lending area. Subject to Bank credit qualifications, current property value and loan approval. Property insurance is required; flood and/or title insurance required if applicable on subject property. Offer not valid on existing Bank HELOC loans, or other special HELOC offers.

Installment Loans

North Shore Bank (Bank) offers installment loan programs to applicants for auto, personal, boat, RV and miscellaneous loans to applicants residing and collateral located in its Wisconsin / Illinois market areas. Rates, terms, and features are for new loans, based on the type of equity and collateral offered, with repayment terms from 1 - 10 years. Rates are subject to change. The above rates are as of 6/6/2013 and may have changed. To check current rates, please contact our nearest branch. Based on the type of loan and repayment plan selected the monthly payment per $1,000 borrowed will range from $12.00 to $85.04. Add 3% to the rate for any loan between $2,500 - $4,999. Any loan under $2,500 the rate is 18.00% APR. Minimum monthly payment will not be less than $100. Credit Builder loan not included in above disclosure, ask for details.