Home Equity Line
Fixed Rate Conversion Loans

Borrow against the equity you’ve built up in your home to pay for the things you need today— a remodeling project loan consolidation or a new vehicle or boat purchase all with ease and predictability of a fixed rate and monthly payment through a North Shore Bank home equity line conversion loan option.

• Fixed rate and regular monthly payments.
• Varying loan lengths.
• Interest payments may be tax-deductible (consult your tax advisor).
• Refinance an existing first mortgage with a first lien conversion loan option and retain access to any remaining equity with your line of credit, all with just one application.
• Secure your best rate with a .50% rate discount, by selecting the automatic payment option tied to your North Shore Bank checking account.
• Closing costs of $0-$950 depending on your situation. (Additional Details)

What your options are:

• Finance up to 80% of your home’s current value.
• Repayment terms from 1 to 15 years and amortizations up to 20 years for conversion loan requests on second lien home equity lines of credit.
• Repayment terms from 1 to 15 years and amortizations up to 30 years for conversion loan requests on first lien home equity lines of credit.
• Loans from $5000 - $250,000 based on home equity line of credit’s lien position and balance and the conversion loan repayment term selected.
• View further details and disclosures on all our available line of credit loan programs.