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Cash in on your home's equity.

1.49% APR through November 30, 2022. 4.00% APR non-promotional rate.

Cash in on your home's equity. 1.49% APR through November 30, 2022. 4.00% APR non-promotional rate.

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. And now, for a limited time, we’re offering a special introductory rate you don’t want to miss out on. Plus, 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? Or is now the right time to pay off higher interest credit cards? 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 for a new Home Equity Line of Credit today. You can easily access your line of credit through Online Banking transfers to use your funds the way you choose when you need it.
Apply by 11/30/2021. New Home Equity Line of Credit (HELOC) customers get 1.49% APR fixed rate through 11/30/2022. As of 9/29/2021,the non-promotional rate is the floor rate of 4.00% 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 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.
Frequently Asked Questions

Home ownership is full of unscheduled expenses. There’s no landlord to shoulder the costs when your roof leaks or the furnace needs immediate replacement. A home equity line of credit lets you budget for these challenges.

If offers:

  • Instant buying power, no questions asked 
  • Easy access with funds transferred directly to your North Shore Bank checking account
  • Can provide lower interest rates than credit cards 

With home based loans you will still need to receive a pay off request and will not be able to use our online loan payment service to pay off your Home Equity Loan or Mortgage Loan.


The rate for your Home Equity Line of Credit is based on the prime rate plus an established margin determined by your individual line of credit. The rate on your line of credit changes on the 1st day of the second month following any prime rate change. If your line of credit was opened prior to Jan. 1, 2006, it is based on the prime rate published in the Wall Street Journal Money Rates section on the third Tuesday of the month. If your line of credit was opened on or after Jan. 1, 2006, the rate on your line of credit will change when the prime rate changes in the Wall Street Journal.


If you would like to apply for a loan to refinance your current home equity line of credit, please complete an online application or call an office near you.

Loans and Home Equity Lines of Credit


North Shore Bank does offer home equity lines of credit for our customers to buy vehicles, consolidate bills, or pay off other debts. The first step is to apply online or call one of our Personal Bankers at an office near you.

Loans and Home Equity Lines of Credit


An appraisal fee may be necessary, depending on the value and equity of the home.

Loans and Home Equity Lines of Credit


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