Home Equity Line of Credit Special

Easily Access the Equity in Your Home. Home Equity Line of Credit. Apply Online.

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 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 October 31, 2023 and enjoy a low 5.99% APR through the following November 30, 2024.

If you’re not sure what dollar amount to request for your Line of Credit, use our HELOC Estimator 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.

Image: Home Equity Line of Credit Special Rates

Ready to tackle that project? Considering a large purchase? Use your HELOC and 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 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.

Getting Started is Easy

Apply Online in Minutes

Visit an Office

Schedule a Virtual, Phone, or In-Person Appointment

Apply by 10/31/2023. New Home Equity Line of Credit (HELOC) customers get 5.99% APR (Annual Percentage Rate) fixed rate through 11/30/2024. Existing HELOC customers can qualify for the promotional rate by applying to increase their current HELOC by at least $15,000 and drawing $15,000 at the time of loan closing.  As of 7/26/2023, the non-promotional rate is 8.24% APR for a line more than $25,000 and assumes a no closing cost transaction with a loan-to-value not to exceed 80% and auto-pay from a North Shore Bank deposit account. This 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 after the promotional rate expires. The variable rate is Wall Street Journal Prime rate plus a margin, depending on the loan amount, with a floor rate of 4.00%. Early termination fee applies. Homeowners insurance is required. 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 10-year loan term, at the end of any extensions or renewals granted by North Shore 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