WE'VE GOT
YOU
COVERED

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

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

Variable Rate As Low As

Prime Minus 0.25% APR*

Apply Online Today!

20-Year Draw
Period

No Initial Draw
Requirement

No Application Fees
or Closing Costs*

WHAT CAN YOU USE A HOME
EQUITY LINE OF CREDIT FOR?

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. 

Curious how much you might qualify for?

Try Our Home Equity Calculator

TAKE ADVANTAGE OF OUR HOME
EQUITY LINE TODAY.

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.*

*Rates shown are for 1-4 family, owner occupied residences located in our lending market within MA. Maximum loan-to-value (LTV) of 80% of appraised value. Properties valued at over $1 million may be subject to lower LTV.  Property insurance required. Accounts subject to individual approval. No closing costs except for cooperatives and properties held in a trust. Our Home Equity Lines of Credit have a 20 year draw period followed by a 20 year repayment period for owner occupied properties. A $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. 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 4/1/2024 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 0.25%, 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 0.25% auto-pay discount from a Brookline Bank checking account. Other rates, terms, conditions and restrictions apply. See a personal banker for details. Offer subject to change without notice. Credit approval required.

Looking to Take Advantage of
Our Home Equity Line?

Fill out this quick form with your information and we’ll contact you with more details within one business day.

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