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Home Equity Rates

Home Equity Line of Credit Rates*

Effective Date: Saturday, December 16, 2017

TypeAPR
First 12 Months with auto deduct payment from a SSB Checking Account*2.99%Apply Now
After 12 Months prime minus 0.51% Apply Now

*Rates as of 05/01/17. Advertised APR is fixed for the first 12 months provided that at origination there is an automatic payment from a South Shore Bank Checking Account. After 12 months, APR becomes adjustable monthly based to The Wall Street Journal Prime Rate minus .51% provided that you maintain the automatic payment deduction from a South Shore Bank Checking Account.   If you do not have automatic payment deduction from a South Shore Bank Checking Account, the APR is 4.25% for the first 12 months. After 12 months, APR becomes adjustable monthly based to The Wall Street Journal Prime Rate. Rate is subject to change after consummation. Maximum APR 18%. No annual fee. The maximum combined loan to value (CLTV) on a primary residence with a combined first and second loan amount up to $1,000,000 is 80%. 1 - 4 family owner occupied properties and second homes only. Property insurance is required. Flood insurance may be required. Minimum loan amount $10,000. An appraisal fee ranging from $445 - $660 may apply. Consult a tax advisor about the deductibility of interest. Certain restrictions apply. Early termination fee of $475 may apply. Subject to credit approval. South Shore Bank and/or its Subsidiaries are compliant with the requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). For more information regarding our registered employees, and their unique identifiers, please contact Human Resources at 781-337-3000. NMLS#407656.

Home Equity Loan Fixed Rates*

Effective Date: Saturday, December 16, 2017

TermAPR
5 Years 4.25%Apply Now
10 Years4.75%Apply Now
15 Years5.00%Apply Now
20 Years5.50%Apply Now

*Rates as of 07/01/17. Advertised APR is fixed. Above rates include 0.25% discount for auto debit from a SSB Checking account. $25,000 - $350,000 Max CLTV 80% $350,000.01 - $500,000 Max CLV 70%. 1-4 Family owner occupied Primary Residence (incld. Condo). Normal and customary closing costs paid by SSB. Property held in a trust may be considered however the following fees will be collected from borrower prior to closing. Trust Review $300.00 Record Trustee certificate $75.00 additional fees may apply. Property insurance is required. Flood insurance may be required. Minimum loan amount $25,000. An appraisal fee ranging from $445 - $660 may apply. Consult a tax advisor about the deductibility of interest. Certain restrictions apply. Early termination fee of $475 may apply. Subject to credit approval. South Shore Bank and/or its Subsidiaries are compliant with the requirements of the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act). For more information regarding our registered employees, and their unique identifiers, please contact Human Resources at 781-337-3000. NMLS#407656.