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Choose to update, consolidate, and more with a new Home Equity Line of Credit. There’s an easy way to refinance your mortgage, pay off bills, tackle that home improvement project, or finance a major purchase while saving money and reducing hassles. With a Home Equity Line of Credit from North Shore Bank, you can lock in a great rate for five, six, seven, or ten years. Applying is easy and The Bank of You team is here to help you.
 
  • Low fixed rates available for five, six, seven, or ten years
  • Friendly, local service
  • Easy application process
You choose the best rate and term for you.Sample payment for each rate and term on a $20,000 loan
Rate and Term Payment
3.79% APR for 60 months1 $366.44
3.99% APR for 72 months1 $312.81
4.29% APR for 84 months1 $276.05
2.99% APR for 120 months2 $193.03

We're here for you!

If you have questions before applying for your home equity line of credit, drop us a line, and one of our knowledgable loan specialists will be in touch.

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Let’s get started.

Our experienced loan officers will be happy to run the numbers for you. Apply online any time of the day or night, call 877-672-2265, or stop by your nearest branch.

For loan amounts that have not been converted to a fixed rate, the variable non-promotional APR will apply. Advertised fixed-rate assumes a no closing cost transaction with a loan to value not to exceed 85%. 2.99% APR for 120 months must be a first lien. Assuming a fixed-rate Home Equity Line of Credit conversion loan of $20,000, monthly payments will be $366.44 at 3.79% APR for 60 months, $312.81 per month at 3.99% APR for 72 months, $276.05 per month at 4.29% APR for 84 months and $193.03 per month at 2.99% APR for 120 months. Payments do not include taxes and required property insurance premiums and the actual payment obligation may be greater. As of 1/15/2020, the non-promotional rate is 5.25% APR for a line less than $25,000 and assumes a no closing cost transaction with auto-pay from a NSB deposit account. The home equity line of credit is a variable rate loan with a maximum rate of 19.90% APR and a minimum rate of 4.00% APR. 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. A $60 annual fee may apply. Closing costs may be charged for loans exceeding $100,000. Subject to loan approval. For new Home Equity Lines of Credit only. Member FDIC. Equal Housing Lender.

1 Apply by 3/31/2020. Close and convert to fixed rate by 4/30/2020.
2 Apply by 4/15/2020. Close and convert to fixed rate by 5/30/2020.

Still have questions?

Contact us with additional questions: Email | 877-672-2265