Our Best Home Equity Line

* North Shore Bank (Bank) offers on a new Bank Home Equity Line of Credit (HELC) loan, with a variable monthly Annual Percentage Rate (APR) as low as Prime Rate for the life of a HELC loan of $50,000 - $250,000 up to 80% Loan to Value (LTV). The actual Bank HELC APR may vary, as it is based on the current Prime Rate published daily plus a margin based on; the amount of your HELC loan credit limit; LTV, and auto-pay from a Bank checking account. Prime + 0%APR for $50,000 or greater; 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 10/01/2008, Prime rate was 5.00% APR. Ask what the current prime rate is at time of your application. Without auto-pay from Bank checking account add .50% to the above respective HELC APR based on HELC credit limit and LTV. Paying minimum interest only monthly payments will result in a balloon payment due. No closing costs on a HELC loan up to $100,000 to 80% LTV. For loans $100,001 to $250,000 up to 80% LTV, closing costs are an estimated $425-$650. Annual fee of $50 applies after the first year, unless the HELC loan carries an average 12-month annual balance of $10,000 or more, then annual fee is $0. A Fixed rate conversion loan option is available up to 100% of approved HELC loan amount. Early termination fee of $350 the first 3 years. Maximum 19.9%APR. Minimum 4%APR. Consult tax advisor regarding interest tax deductibility. Valid on owner occupied properties in Bank lending area. Subject to Bank credit qualifications and approval. Property, flood and/or title insurance required if applicable on subject property. This offer not valid on existing Bank HELC loans.