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
Home
Improvements
Need an addition, upgrade or repair? Use Home Equity to make your living space more comfortable or raise your home’s value.
Education
Expenses
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.
Debt
Consolidation
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?
Try Our Home Equity Calculator
20-Year Draw Period
No Initial Draw Requirement
No Application Fees or Closing Costs*
*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 10/3/2022 the Prime Rate is 6.25% 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 6.00% APR. For lines of $750,000 to $1,499,999, the APR will be Prime plus 0.00%, currently 6.25% 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.
Take advantage of our home equity line today.
1-877-815-8874