Home Equity Loans
A home equity loan from Brentwood Bank gives you a fixed amount of money—in one lump sum—to fund your next big expense. Pay off higher rate credit cards, pay for tuition, go on vacation, remodel your house, get new appliances, or anything else you need.
Details
- Easy and convenient process
- No prepayment penalties
- Loan amounts based on your home's value and equity. An appraisal may be required to estimate current home value.
- Receive in one lump sum; deposited in your account or by check
- Low fixed rates
- Use to fund whatever you require
Home Equity Loan Rates
| Term | Interest Rate | Monthly Payment ($50,000 Loan) | APR* |
|---|---|---|---|
| Term36 Months | Interest Rate5.000% | Monthly Payment ($50,000 Loan)$1,498.54 | APR*5.402% |
| Term60 Months | Interest Rate5.250% | Monthly Payment ($50,000 Loan)$949.30 | APR*5.499% |
| Term84 Months | Interest Rate5.500% | Monthly Payment ($50,000 Loan)$718.50 | APR*5.682% |
| Term120 Months | Interest Rate5.875% | Monthly Payment ($50,000 Loan)$551.97 | APR*6.008% |
| Term180 Months | Interest Rate6.000% | Monthly Payment ($50,000 Loan)$421.93 | APR*6.094% |
| Term | Interest Rate | Monthly Payment ($50,000 Loan) | APR* |
|---|---|---|---|
| Term36 Months | Interest Rate5.125% | Monthly Payment ($50,000 Loan)$1,501.35 | APR*5.527% |
| Term60 Months | Interest Rate5.375% | Monthly Payment ($50,000 Loan)$952.18 | APR*5.624% |
| Term84 Months | Interest Rate5.625% | Monthly Payment ($50,000 Loan)$721.47 | APR*5.808% |
| Term120 Months | Interest Rate6.000% | Monthly Payment ($50,000 Loan)$555.10 | APR*6.133% |
| Term180 Months | Interest Rate6.125% | Monthly Payment ($50,000 Loan)$425.31 | APR*6.219% |
* 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.
APRs are accurate as of 5/26/2023 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.
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.
APRs are accurate as of 5/26/2023 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.
Tools & Resources
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April 21, 2020
Mortgage Loan Originators
Find a lending specialist who can help get the right mortgage or home equity loan for you.
February 12, 2020
How to Put Your Home Equity to Work for You
A child heading to college. A new roof or driveway. Updating your kitchen or finishing the basement. One way to meet the challenge is by putting the equity in your home to work for you.
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.
APRs and monthly payments are based on a $50,000.00 loan.
Payment examples do not include taxes or insurance. Therefore, your actual housing obligation will be greater.
Consult with a tax advisor to determine whether the interest you pay is tax deductible.
APRs are accurate as of 5/26/2023 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.