Home Equity
At Brookline Bank, we can help you use the equity in your home to pay for home improvements, consolidate debt, or simply as an extra source of credit for future needs. Our Home Equity Loan and Home Equity Line of Credit options offer exceptional service that Brookline Bank is known for. Customers who have autopay from a Brookline Bank checking account, can receive preferred rates, and your loan balance can help waive your monthly Maximizer checking fee.
Compare the home equity options below and choose the option that works best for you.
Home Equity Loan
For those who are looking for a fixed monthly payment, we offer a 5 year and a 10 year fully amortizing, Home Equity Loan with a fixed rate for the life of the loan. For a longer term, we offer our 15 year FlexRate Loan with an initial rate equal to our 10 year loan for the first 10 years followed by a one-time rate adjustment based on an index. The Home Equity Loan allows you to use the equity in your home and pay off expenses with the ability to more accurately judge repayment amounts.
Home Equity Line of Credit
If you are looking for a Home Equity product that stays with you for as long as you own your home, our Home Equity Line of Credit is best for you. Our Home Equity Line of Credit also offers the flexibility to use the equity when you need it, as opposed to coming in one lump sum.
Click here to view our Home Equity Rates.
