Put your home to work
for you this spring!

Longing for a backyard makeover? A kitchen revamp? Maybe you want to plan your next getaway or pay off next semester’s tuition. There’s no better time than now to freshen up your finances. And, it’s easy when you choose smart funding with a Home Equity Line of Credit (HELOC) from Lake Shore Savings. For a limited time, you can get a special 12-month introductory APR when you open a new HELOC.

It’s time to use the equity you’ve built up in your home to your advantage. Get the money you need to do the things you want with a HELOC from Lake Shore Savings Bank. All processing and decisions are made locally.

How can I use a HELOC?

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Improve your home

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Consolidate debt

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Pay for school tuition

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Take your next vacation

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Prepare for the unexpected


* 3.50% Annual Percentage Rate (APR) is available on Home Equity Lines of Credit (HELOC) during the 12-month introductory period. Interest rate will be fixed at 3.50% for 12 months. After the 12-month introductory period, the APR is variable and is based upon index (Prime Rate as published in The Wall Street Journal) plus a margin and is subject to change as the Prime Rate changes. After the introductory period, rate reduction of 0.25% applies if borrower maintains autopay from a Lake Shore Savings deposit account. The rate will not vary above 15.00% APR or below 4.00% APR. As of February 28, 2019, the HELOC rates have ranged from 5.50% to 6.75% APR. Higher rates may apply due to increases in the Prime Rate or due to a lower credit score. Lake Shore Savings will pay all closing costs on HELOCs between $7,500 and $300,000. HELOCs less than $7,500 require borrower to pay all closing costs. For HELOCs ranging from $300,000 to $484,350, the following is paid by the borrower: appraisal amount above standard ($225), mortgage tax on amount above $300,000, and non-standard fees for a HELOC such as attorney fees or title insurance. If you cancel the HELOC within three years, you must reimburse us for certain fees. These fees will generally total between $660 and $4,500 (for a HELOC up to $484,350) plus non-standard fees, as applicable. HELOC is subject to credit approval and program guidelines. Interest rates and program terms are subject to change without notice. Property insurance is required. Consult your tax advisor for details on the tax deductibility of interest. See an employee for more details.