By Craig Witz, VP, Branch Sales Manager

We are in the last days of our outstanding home equity line of credit promotion. The opportunity to lock in a low fixed rate of 1.99 percent for 12 months is ending April 30. This rate is less than HALF of the standard rate, which is currently 5.25 percent APR!

A home equity line of credit (HELOC) can be an essential tool for financial flexibility and peace of mind in your home. 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. But a home equity line of credit lets you budget for these challenges without spiking your stress level:

• 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

A home equity line perfectly illustrates the old saying: You don’t want to shop for an umbrella when it’s raining. Why rely on credit cards when a major expense hits, carrying over high-interest balances for months while scrimping and saving to pay them off? Instead, use the equity in your home to handle big expenses and pay off credit cards — and then make one low flexible monthly payment to pay down your line responsibly, on your schedule.

Take advantage of this offer by contacting your local branch. Have family or friends that can benefit? Refer them to your local branch or to Craig Witz and get rewarded through our Together, Achieving More referral program. All the details can be found on our website or on the intranet.

Apply by April 30, 2018. New Home Equity Line of Credit (HELOC) customers get 1.99% APR fixed rate for 12 months after closing. The non-promotional rate as of 4/11/18 is 5.25% APR. Rate is locked for 12 months after closing. This is a variable rate loan with a maximum rate of 19.90% APR. Early termination fee applies, closing costs are $0-$1,100. Autopay required for promotional rate. Home owners insurance required. $60 annual fee may apply. This is not an offer of credit or commitment to lend. Loans are subject to buyer/property qualification. Member FDIC l Equal Housing Lender.