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2 No closing costs except for cooperatives, properties held in a trust, and investment properties. $40 Annual Fee is waived for the first year. Early termination fee of $350 or 2% of the Line’s credit limit, whichever is less, applies if Line terminates within 24 months of closing.
3 The Annual Percentage Rate (APR) may vary monthly and will be based on the Prime Rate as listed in The Wall Street Journal (Prime) plus a margin. The APR will not be less than 2.99% APR or more than 18% APR. As of 11/1/15 the Prime Rate is 3.25%. The APR will also depend on the amount of the home equity line of credit that we approve. For home equity lines of credit of $100,000 to $749,999, the APR will be Prime –.26%, currently 2.99% APR. For lines of $50,000 to $99,999, the APR will be Prime +.74%, currently 3.99% APR. For lines of $10,000 to $49,999, the APR will be Prime +1.10%, currently 4.35% APR. All APRs reflect a .26% Autopay discount. In some instances, the APR calculation used could result in a fully indexed APR below the minimum APR of 2.99%. If this occurs, your APR will not be less than 2.99%. Property hazard insurance required. Other terms and conditions and restrictions apply. Offer subject to change without notice. NMLS ID #715671.
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Sending a child to college can be very expensive. A Home Equity Line of Credit can help you manage these costs.
Brookline's Home Equity Line of Credit has no expiration date, no initial draw required, and has no application fee or closing costs.2
Need an addition, upgrade or repair to your home? Let Brookline Bank help.
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Keep your line of credit indefinitely1
NO Initial Draw Required
Not ready to use the funds right away? No problem.
NO Application Fees or Closing Costs2
GREAT Low Rates
Curious how much you might qualify for?
Try our Home Equity Calculator