Home Equity Credit

Put your home's equity to work for you with a home equity line or loan from Brookline Bank. Used sensibly, leveraging the equity in your home can be a smart borrowing option and an extra source of credit to help you better manage and organize your financial life. You can apply online, or at one of our local offices.Click this image to learn more about our home equity products.

Not sure which of our home equity options is right for you? Compare the features and benefits below.

Curious how much you may qualify for? Try our Home Equity Calculator.

Home Equity Lines of Credit

Use the equity in your home to withdraw funds only when you need to use them and secure a variable rate home equity line. View current rates and terms.

  • Low, variable rate*
  • Long draw period - 20 years
  • No application fees, points or closing costs*
  • Interest may be tax deductible (please consult your tax advisor)
    Click this image to apply online

Home Equity Loans

Use the equity in your home to receive one lump sum and secure a fixed rate and fixed monthly payment. View current rates and terms.

  • 5-year and 10-year terms, fully amortizing
  • No application fees, points or closing costs*
  • Interest may be tax deductible (please consult your tax advisor)
    Click this image to apply online

Talk to an Expert

Request a call to discuss your home equity options or to start an application.

*20 year draw period followed by a 20 year repayment period for owner occupied properties. No closing costs except for cooperatives and properties held in a trust. $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 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 12/1/2020 the Prime Rate is 3.25% 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 plus .24%, currently 3.49% APR. For lines of $750,000 to $1,499,999, the APR will be Prime plus .49%, currently 3.74% APR. APRs reflect a .25% auto-pay discount from a Brookline Bank checking account. Other rates, terms, conditions and restrictions apply. Offer subject to change without notice. Credit approval required.