North Shore Federal is the premier home equity lender on the North Shore. Choose from a variety of interest rates and terms, with very low closing costs of approximately $150 (closing costs based on loan amount of $50,000 or less), make this loan suitable for a wide variety of financing needs.

Key Features and Benefits

• Interest is usually tax deductible.
• Fast turnaround time.
• Repayment terms from 2 to 15 years.

Home Equity Line of Credit

The ultimate in value and convenience, the Home Equity Line of Credit combines the power of your home's equity with the flexible features of a Line of Credit.  Access your credit limit, pay it off at anytime and use again as needed!  Due to favorable tax treatment and flexible terms, this loan is very popular with our members for financing major purchases, such as cars and boats.

Key Benefits

• Interest is usually tax deductible.
• Fast turnaround time.
• Low, minimum monthly payment: 1% of loan balance.

Money Tip:
Many people are using Home Equity loans, especially Home Equity Lines of Credit, to make major purchases.  This enables many people to have an additional tax deduction.