Rates effective September 1, 2020
| LINE AMOUNT |
INDEX | MARGIN | ANNUAL PERCENTAGE RATE (APR) |
| $25,000 to $749,999 |
WSJ Prime |
+0.24% | 3.49% |
| $750,000 to $1,499,999 |
WSJ Prime |
+.49% | 3.74% |
Or visit your nearest Brookline Bank location. For more information, call 877-668-2265.
Rates effective September 1, 2020
| 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 |
Or visit your nearest Brookline Bank location. For more information, call 877-668-2265.
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 and properties held in a trust. Other terms, conditions, rates and restrictions may apply.
Offers subject to change without notice. See a personal banker for details.
Our Home Equity Lines of Credit have a 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 9/1/2020 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.
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.
