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Hello, HELOC! Home Equity Line of Credit Special
A Smarter Way to Use Your Home's Equity
Get a Home Equity Line of Credit with no closing costs on HELOCs up to $250,000*, a 4.99% APR fixed rate through 5/31/2027*, and a 24-hour credit decision*.
How it Works:
- Apply online in minutes
- Receive a credit decision within 24 hours
- Access funds when you need them
Flexibility When You Need It
Our HELOC products also offer flexible options for how you can pay down your balance. Like a credit card, HELOC customers can choose to make the minimum payment, set a regular payment amount that fits their budget, or pay the balance in full.
You can always make interest-only payments, too. While this helps keep your monthly expenses lower and cash flow higher, it’s important to keep in mind paying interest only will leave you a balance when your HELOC term ends. Our knowledgeable bankers at your nearby branch are always happy to help you determine whether it makes sense to convert some or all of an existing HELOC to a fixed rate loan through what is commonly referred to as a conversion loan.
Why Choose a Home Equity Line of Credit?
Cash in on the hard-earned equity in your home to finance your next adventure.
- Keep Your Low Mortgage Rate: No need to refinance
- Flexible Access to Funds: Borrow what you need, when you need it
- Low, Manageable Payments: Budget-friendly repayment options
- Boost Your Home’s Value: Fund upgrades or improvements
What are the Benefits of a HELOC?
Getting Started is Easy
FAQs
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.
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.
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.
Mortgage and Home Equity Line of Credit (HELOC)
Please send a written payoff request and a signed authorization. These requests can be faxed to: 262-787-5722. Mortgage and HELOC payoffs are generally quoted for a specific date.
Personal and Auto Loans
You may call Customer Support at 877-672-2265, and verbally authorize a payoff statement be sent to your financial institution. If the financial institution or insurance company is making the request, they must send a written payoff request with a signed customer authorization. These requests may be faxed to 262-787-5722. Quotes for consumer and auto loan payoffs are good for 10 days.
RV and Boat Loans
Obtaining a payoff amount for your RV or Boat loan can be found in Online Banking. It’s fast and easy!
- Log in to North Shore Bank Online Banking (web-based). If you’re not already enrolled, you’ll need your social security number, loan account number, date of birth and zip code.
Click on the three vertical dots alongside the blue “Pay” button
- Select “Account Information” from the option menu
- Look for the “Estimated PayOff Amount” field. NOTE: the payoff amount listed is only valid for that day.
- To pay off your loan on a future date, add the “Per Diem Interest” (Interest Per Day) amount to the Estimated PayOff Amount for each additional day (including the payoff date).
- You may provide the Estimated PayOff Amount to your dealer, financial institution or insurance company requesting the payoff.
You may also call Customer Support at 877-672-2265, and verbally authorize a payoff statement be sent to your financial institution. If a dealer, financial institution or insurance company is making the request, they must send a written payoff request with a signed customer authorization. These requests may be faxed to 262-787-5722. Quotes for boat and RV loan payoffs are good for 10 days.