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 December 1, 2018

LINE
AMOUNT
INDEX MARGIN ANNUAL
PERCENTAGE
RATE (APR)
$25,000 to
$749,999
WSJ
Prime
-0.51% 4.74%
$750,000 to
$1,499,999
WSJ
Prime
-0.26% 4.99%

 

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: $15,000.
Property must be 1-4 family owner-occupied home or condominium located in our lending area.

Rates effective December 1, 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
$15,000 to
$49,999
4.54% 60 $18.66
10-Year
Fixed
$50,000
and over
5.54% 120 $10.87
10-Year
Fixed
$15,000 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 for owner occupied properties. 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 12/1/18 the Prime Rate is 5.25%. 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 4.74% APR. For lines of $750,000 to $1,499,999, the APR will be Prime -.26%, currently 4.99% APR. APRs will not be less than 3.00% APR or more than 18.00% APR. All APRs reflect a .26% Autopay discount. Property hazard insurance required. Other rates, terms conditions and restrictions may apply. $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. Prepayment penalty fee of $250 or 2% of the Loan's outstanding balance, whichever is less, applies if Loan terminates within 12 months of closing.