Your home's equity could pay for this! Use your equity your way and for a limited time, get a no-cost appraisal. Apply today.

Your home's equity could pay for this! Use your equity your way and for a limited time, get a no-cost appraisal. Apply today.

Over time, equity has built up in your home, giving you a source of affordable cash that you can use to pay off bills, tackle home improvements, or prepare for the unexpected. With a Home Equity Line of Credit from North Shore Bank, you choose how to use your home’s equity. Apply for a HELOC by July 31, 2022, and pay no appraisal costs. As an added perk, those with a HELOC qualify for a premium checking account that offers extras for our best customers.

If you’re not sure what dollar amount to request for your Line of Credit, use our HELOC Estimation Calculator. You will be asked to provide your home’s value and outstanding mortgage balance. North Shore Bank offers HELOCs up to 80% of your home’s value.
 
Ready to tackle that project? Considering a large purchase? Use your Home Equity Line of Credit and then convert your balance to a fixed rate loan, locking in a low rate now and paying it off each month. As you make payments, the amount of available credit on your line increases.
 
Apply online for a new Home Equity Line of Credit today with no appraisal cost or schedule an appointment to talk with a banker. You can easily access your line of credit through Online Banking transfers to use your funds the way you choose when you need it.
Offer available for well-qualified borrowers applying for a new home equity line of credit of $25,000 or more or an existing home equity line of credit increase of $25,000 or more. Offer requires auto-payment from a North Shore Bank deposit account. Offer valid on appraisal costs up to $600 and subject to approved credit for borrowers with a credit score of 700 or higher. Application must be received by 7/31/2022 and close by 8/31/2022 and secured by a single family property in the Bank lending area. As of 6/15/22, the Annual Percentage Rate (APR) for the home equity line of credit is 4.49% for loans with auto-pay from their NSB account. The HELOC is a variable rate loan and the rate is subject to change. Other HELOC fees ranging from $590-1,300 may apply, depending on loan amount, property type and borrower qualifications. The Bank’s HELOC loan has a ceiling rate (maximum) of 19.90% APR and a floor rate (minimum) of 4.00% APR. Paying the minimum interest only monthly payments will not repay the principal that is outstanding on the line. Property insurance is required; flood and/or title insurance required if applicable on property. Consult tax advisor regarding interest tax deductibility.

For a new home equity line of credit, the maximum loan to value (LTV) is 80% up to $400,000 in total liens in first or second position. For loan amounts over $400,000, the maximum LTV is dependent on lien position. Contact a lender for details.

Frequently Asked Questions