Put your home equity to work for you!

Dreaming of a home improvement project? Or planning to send your child to college?  Perhaps you want to consolidate debt or finance a major purchase? With a home equity loan or home equity line of credit (HELOC), you can borrow against the equity in your home to fund whatever you choose.  

With current low rates, and no application fees, no origination fees and no pre-payment penalty, it’s a great time to get started. We are here to help you consider all your options and find the right loan for you. 
Contact a lending specialist

Featured Rates

Home Equity Term Loan - 1st Lien
Term36 Months Interest Rate4.375% Monthly Payment ($50,000 Loan)$1,484.55 APR*4.776%
Term60 Months Interest Rate4.500% Monthly Payment ($50,000 Loan)$932.15 APR*4.747%
Term84 Months Interest Rate4.625% Monthly Payment ($50,000 Loan)$697.92 APR*4.805%
Term120 Months Interest Rate4.750% Monthly Payment ($50,000 Loan)$524.24 APR*4.880%
Term180 Months Interest Rate4.990% Monthly Payment ($50,000 Loan)$395.14 APR*5.081%
* The APRs are not available for the refinance of an existing Brentwood Bank loan, line or mortgage. Home Equity Loan and Lines of Credit must be secured by a one to four family owner-occupied property with a loan to value (LTV) ratio of 85% or less. Property insurance is required and flood insurance may be required. Consult with a tax advisor to determine whether the interest you pay is tax deductible. 
APRs and monthly payments are based on a $50,000.00 loan. $300 application fee required.
Payment examples do not include taxes or insurance. Therefore, your actual housing obligation will be greater. 
APRs are accurate as of 9/22/2022 and are subject to change without notice. Approval is subject to Brentwood Bank underwriting guidelines. Appraisal Fee ranging from $330 to $610 may be required.
 
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Which loan is right for you?

Start by considering how much you need and what you plan to use it for. 

With a home equity loan, you receive one lump sum – upfront. This is a fixed rate loan that is paid back over a predetermined amount of time with fixed monthly payments. You receive your loan amount by deposit or check. 

A home equity line of credit, or HELOC, is like a credit card.  Brentwood Bank extends you a set amount of credit. You decide how much you want to use, whenever you need it. You make payments and pay interest on what you borrow. We offer many loan options, each designed for a specific borrowing purpose. We are here to help you find the loan that works best for you.

Learn more about home equity
 

Calculate your home's equity

Calculate your home’s equity by subtracting the balance on your mortgage from the fair market value of your home. You can normally borrow up to a certain percentage of your home’s equity.

Home Equity Calculator
 

Ready to get started?

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