Brookline Bank's Home Equity Line of Credit, featuring a 20-year draw period, no initial draw requirement, no application fees, and no closing costs.*

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NMLS ID #715671


Need an addition, upgrade or repair? Use Home Equity to make your living space more comfortable or raise your home’s value.


Sending a child to college can be expensive. A Home Equity Line of Credit interest rate is often lower than that of a student loan.


You can use your Home Equity Line of Credit to pay off other higher interest-rate debt, such as credit cards and other loans.

What can you use home equity line of credit for?

Curious how much you might qualify for?
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 Home Equity Calculator

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Variable Rate As Low As

8.25% APR*

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20-Year Draw Period

No Initial Draw Requirement

No Application Fees or Closing Costs*

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*20-year draw period followed by a 20-year repayment period for owner occupied properties. No closing costs except for cooperatives and properties held in a trust. $40 Annual Fee is waived for the first year. Early termination fee of $250 or 2% of the HELOC's credit limit, whichever is less applies if Line terminates within 12 months of closing. Maximum loan-to-value (LTV) of 80% of appraised value. Properties valued at over $1 million may be subject to a lower LTV. The Annual Percentage Rate (APR) varies daily, is based on the Prime Rate as listed in the Wall Street Journal (Prime) plus or minus a margin, and will also depend on the amount of the home equity line of credit that we approve. However, the APR will not be less than 3.00% APR or more than 18% APR. As of 9/1/2023 the Prime Rate is 8.50% APR. Minimum Line of Credit is $25,000. For home equity lines of credit of $25,000 to $749,999, the APR will be Prime minus .25%, currently 8.25% APR. For lines of $750,000 to $1,499,999, the APR will be Prime plus 0.00%, currently 8.50% APR. APRs reflect a .25% auto-pay discount from a Brookline Bank checking account. Other rates, terms, conditions and restrictions apply. Offer subject to change without notice. Credit approval required. NMLS ID #715671. 

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Take advantage of our home equity line today.



with our 20-year draw Home Equity Line of Credit.