Home   En Español About Us Locations & ATMs Careers Contact Us
North Shore Bank
User Name:
Forgot your password? 
Login help. 
New user? 
Log in.
New User 
Full Acct #:
Password:
Forgot your password? 
New user? 
Log in.
Log in.
Forgot your password? 
New user? 
Log in.
Get started today.
Tools for good decisions.
Find the best rate for you.
We have the answers.
Contact Us. 
 
How Do I?
 
 

Adjustable Rate Mortgage (ARMs)

An ARM may be just the key to your new home.

With a North Shore Bank Adjustable Rate Mortgage (ARM), you can often take advantage of a lower initial interest rate than a fixed-rate mortgage can offer. With a lower interest rate, you may qualify for a larger mortgage amount, allowing you to buy the house you really want.
  • May offer lower rates than fixed-rate mortgages.
  • Flexible repayment and adjustment terms.
    •  

Who it’s for:

Anyone who is looking to buy or build a new home or who wants to refinance their current home. An ARM may be an especially good option for those who do not plan to own their current home more than a few years or in cases where financing does not meet the standard requirements of mortgage lenders.

What’s in it for you:

  • You choose the repayment and adjustment terms.
  • Up to 103% loan-to-value (LTV) available for the purchase of a new home.
  • Up to 100% loan-to-value (LTV) for the construction of a new home.
  • Up to 90% loan-to-value (LTV) and a cash-out option for refinancing your current home.
  • All loan servicing is done locally at North Shore Bank.
  • Maximum 2% annual and 6% lifetime interest-rate-adjustment caps.

Additional benefits:

What else you should know?

  • An Adjustable Rate Mortgage (ARM) is a mortgage offering an interest rate tied to a financial index, such as a U.S. Treasury Security (T-Bill). This rate adjusts up or down at specific times, which means your monthly payment, can vary over the life of the loan.
  • ARMs usually provide an initial term of 1, 2, 3 or 5 years and can be used to finance the purchase or construction of a new home, second home or investment property, or to refinance your current home.
  • In addition to our standard ARM product, North Shore Bank offers an entire family of unique ARM loans designed with you in mind. Our North Shore Bank Mortgage Specialists will be happy to work with you to determine which mortgage loan product is best suited to your needs.
  • Learn what documents and information you’ll need to provide to apply for a North Shore Bank loan.

Prequalify or Apply Online 24x7.
 

Still have questions? We can help.

  • E-mail us.
  • Call us at 877.672.2265.
    (8:30 am until 7:00 pm CST, Monday through Friday, 9:00 am until 5:00 pm CST, Saturdays, & 10:00 am until 3:00pm CST, Sundays)
  • Stop by your neighborhood branch.