Boston's Best
Home Equity.
Crafted for comfort with our extra long 35-year draw period.
12-MONTH INTRODUCTORY, FIXED RATE
%
APR*
3.49
CURRENT VARIABLE RATE:
3.00% APR*
Curious how much you might qualify for?
Try Our Home Equity Calculator
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.
Need an addition, upgrade or repair? Use Home Equity to make your living space more comfortable or raise your home’s value.
Home Improvements
Education expenses
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 Your Home Equity Line of Credit For?
Brookline Bank's Home Equity Line of Credit is specially crafted for your comfort, featuring an extra long 35-year draw period, no initial draw requirement, no application fees, and no closing costs.*
Banking, Well-Crafted.
35-Year Extended
Long Draw
No Initial Draw
Requirement
No Application Fees
or Closing Costs
HELOC Features:
* 35 year draw period followed by a 15 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 applies if Line terminates within 12 months of closing. The Annual Percentage Rate (APR) of 3.49% is a promotional rate that will be in effect for the first twelve billing cycles following closing. After the initial 12 month period, the APR varies daily and will be based on the Prime Rate as listed in the Wall Street Journal (Prime) minus a margin and will also depend on the amount of the home equity line of credit that we approve. However, upon expiration of the promotional rate, the APR will not be less than 3.00% APR or more than 18% APR. As of the Prime Rate is 4.25%. 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 .51%, currently 3.74% APR. For lines of $750,000 to $1,499,999, the ongoing APR will be Prime minus .26%, currently 3.99% APR. All 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. Speak with a banker for investment property rates and terms. NMLS ID #715671.
*35 year draw period followed by a 15 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 applies if Line terminates within 12 months of the opening date. The Annual Percentage Rate (APR) varies daily and will be based on the Prime Rate as listed in The Wall Street Journal (Prime) plus a margin. However, the APR will not be less than 3.00% APR or more than 18% APR. As of 3/17/2020 the Prime Rate is 3.25%. 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 .51%, currently 3.00% APR, due to the minimum requirement. For lines of $750,000 to $1,499,999, the APR will be Prime minus .26%, currently 3.00% APR, due to the minimum requirement. 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. Property hazard insurance required. Speak with a banker for investment property rates and terms. NMLS ID #715671