Home Equity Credit Rates

Home Equity Lines of Credit

Our Home Equity Lines of Credit have a 35 year draw period followed by a 15 year repayment period. The following Home Equity Line of Credit Annual Percentage Rates (APRs) are available to customers who open a line of credit for the stated amounts. APRs are subject to change monthly and reflect a .26% discount for having payments made automatically from a checking or savings account. Index is the Prime Rate as published in The Wall Street Journal plus a margin. Rates shown are for 1-4 family, owner-occupied homes or condominiums located in our lending area.

Rates effective September 5, 2018

LINE
AMOUNT
INDEX MARGIN ANNUAL
PERCENTAGE
RATE (APR)
$25,000 to
$749,999
WSJ
Prime
-0.51% 4.49%
$750,000 to
$1,499,999
WSJ
Prime
-0.26% 4.74%

 

Click this image to apply online

Or visit your nearest Brookline Bank location. For more information, call 877-668-2265.

 

Fixed-Rate Home Equity Loans

Terms: 5 and 10 years.
Minimum Loan Amount: $10,000.
Property must be 1-4 family owner-occupied home or condominium located in our lending area.

Rates effective September 5, 2018

  BORROWED
AMOUNT
ANNUAL
PERCENTAGE
RATE (APR)
TERM IN
MONTHS
PAYMENT
PER
$1,000
5-Year
Fixed
$50,000
and over
4.54% 60 $18.66
5-Year
Fixed
$10,000 to
$49,999
4.54% 60 $18.66
10-Year
Fixed
$50,000
and over
5.54% 120 $10.87
10-Year
Fixed
$10,000 to
$49,999
5.54% 120 $10.87

 

Click this image to apply online

Or visit your nearest Brookline Bank location. For more information, call 877-668-2265.

 

Disclosures for Home Equity Loans and Lines of Credit

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. Property insurance required. Accounts subject to individual approval. No closing costs except for cooperatives, properties held in a trust and investment properties. Other terms, conditions, rates and restrictions may apply.

Offers subject to change without notice. See a personal banker for details.

Home Equity Line of Credit

Our Home Equity Lines of Credit have a 35 year draw period followed by a 15 year repayment period. The Annual Percentage Rate (APR) may vary daily and will be based on the Prime Rate as listed in The Wall Street Journal (Prime) plus a margin. As of 9/5/18 the Prime Rate is 5.00%. The APR will also depend on the amount of the home equity line of credit that we approve. For home equity lines of credit of $25,000 to $749,999, the APR will be Prime “.51%, currently 4.49% APR. For lines of $750,000 to $1,499,999, the APR will be Prime -.26%, currently 4.74% APR. APRs will not be less than 3.00% APR or more than 18.00% APR. All APRs reflect a .26% Autopay discount. $40 Annual Fee for Home Equity Line of Credit is waived for first year. Early termination fee of $250 applies if Line terminates within 12 months of closing.

Fixed-Rate Home Equity Loan

If your loan is a first lien loan, the payment examples do not include taxes or insurance and therefore your payments may be greater. Early termination fee of $350 or 2% of the Loan's outstanding balance, whichever is less, applies if Loan terminates within 24 months of closing.