Debt Basics

Debt Basics
Debt Solutions - No Home Needed

Yes       No

North Fork Bank

North Fork Bancorp is a commercial bank holding company headquartered in Delaware.  North Fork Bankcorp was founded in 1980, and acquired North Fork Bank and Trust in 1981.  North Fork Bank and Trust was founded in 1905 under the name Mattituck Bank, and changed its name to North Fork Bank and Trust Company in 1950. During the 1950’s, three other banks located on the north fork of eastern Long Island were merged into North Fork Bank and Trust. North Fork Bank and Trust then expanded its branch network to other areas of Long Island, NY.

Today, total assets are approximately $60 billion, with more than 355 branch locations that provide a wide range of personal and commercial banking services throughout the New York Metropolitan area, Connecticut and New Jersey.   Today North Fork Bank strives to develop lending programs and services that will meet both the personal and financial needs of its customers. 

Consolidate your debt and lower your monthly payments now >>

For those customers who are interested in eliminating their high-interest credit cards and other debt, North Fork Bank offers the following lending products and services:

Home Equity Line of Credit

    • Variable interest rate;
    • Use the equity you’ve built up in your current home to cover expenses;
    • Monthly payments automatically deducted from your North Fork Bank checking account;
    • Borrowing limits range from $25,000 to $500,000.

Mortgage Refinance
For homeowners who intend to remain at their current residence for the long-term, a mortgage refinance may be the answer.  Mortgage refinancing options available through North Fork Bank include:

Adjustable Rate Mortgage Refinance

  • Receive an initial lower interest rate;
  • Interest rate adjustment caps prevent drastic changes in your payments;
  • Ideal for those who do not intend to stay in their residence for the long term (five years or more).

Fixed Rate Mortgage Refinance

  • Interest rate is fixed for the life of the mortgage;
  • Monthly principal and interest payments never change;
  • Flexible repayment terms;
  • Ideal for those who intend to remain at their residence for the long term (five years or more).

Consolidate your debt and lower your monthly payments now >>

Personal Installment Loans

  • Borrow up to $10,000 with an unsecured loan (no collateral);
  • Borrow $10,000 or more, using your CD or marketable securities as collateral;
  • For loans secured by CDs:
    • Minimum loan is $3,500;
    • Will lend up to 90% of the value of collateral;
  • Loans secured by Marketable Securities:
    • Minimum loan amount is $5,000;
    • Maximum loan amount is $25,000;
    • Values for the marketable securities that are used as collateral should be computed according to the following guidelines:

      U.S. government Obligations


      State & Municipal Obligations


      Corporate Debt Obligations


      New York Stock Exchange


      American Stock Exchange


      Over the Counter Securities (NASDAQ)


      Mutual Funds


Consolidate your debt and lower your monthly payments now >>

* Debt Basics is not a lender or broker. We provide information and research on debt help and debt consolidation. Product and service offerings differ by state.