A Brookline Bank Home Equity Line of Credit or Brookline Bank Home Equity Loan can be a sensible source of credit to help you better manage your financial life. Call us or visit a Brookline Bank branch to learn more about the pros and cons of home equity lines of credit versus a home equity loan, and to find out more about the best home equity solution for you.
*Home Equity Loans and Lines: Available for qualifying 1-4 family owner-occupied residences in our lending market. Total loan to value ratio may not exceed 80% of the appraised value or 75% of the assessed value. Property insurance required. Other terms and conditions apply. Accounts subject to individual approval. Offer subject to change without notice. No closing costs except for cooperatives. Other rates and terms available.
Home Equity Line: Variable APR based on the Wall Street Journal Prime. Prime +.75% APR (4.50% APR as of today) requires a minimum line of $50,000. Maximum APR is 18%, minimum APR is 4.50%. $40 Annual Fee for Home Equity Line is waived for the first year. Early termination fee of $350 applies if line is paid in full and closed within the first 24 months.
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