ATM, Branch, & Video Teller Locations Customer Support Careers LOGIN PERSONAL BUSINESS INVESTMENTS/RETIREMENT LEARNING CENTER ABOUT US Cash in on your home's equity. 1.49% APR through November 30, 2022. 4.00% APR non-promotional rate. 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. 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. EDUCATION Learn More about Home Equity Lines of Credit What is a HELOC? Financial Flexibility Benefits of a HELOC Why every homeowner needs a HELOC RESEARCH Home Equity Line Calculators & Coaches HELOC Estimation Calculator Home Equity Line of Credit Calculator Loan Comparison Calculator GET STARTED Apply for Your HELOC VIEW INTEREST RATES VISIT A BRANCH APPLY 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 Can you send a 10-day loan payoff quote to my bank or credit union? Mortgage and Home Equity Line of Credit (HELOC) Please send a written payoff request and a signed authorization. These requests can be faxed to: 262-797-3832. Mortgage and HELOC payoffs are generally quoted for a specific date. 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 262-797-3832. Quotes for consumer and auto loan payoffs are good for 10 days. Obtaining a payoff amount for your RV or Boat loan can be found in Online Banking. It’s fast and easy! 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 262-787-3832. Quotes for boat and RV loan payoffs are good for 10 days. Why get a home equity line of credit with my mortgage? 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 (HELOC) lets you budget for these challenges. Can I pay off my Home Equity Loan or mortgage through the online loan payment service? 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. How is the rate determined for my Home Equity Line of Credit? 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. How do I apply to refinance my home equity loan? 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. View All Still have questions? 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