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Home Equity Loans

Capitalize on your home's equity to fund opportunities in life.


  Apply Today!

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

Apply Now
Home Equity Term Loan - 1st Lien
Term36 Months Interest Rate3.250% Monthly Payment$1,459.58 APR*3.648%
Term60 Months Interest Rate3.490% Monthly Payment$909.36 APR*3.735%
Term84 Months Interest Rate3.490% Monthly Payment$671.76 APR*3.668%
Term120 Months Interest Rate3.625% Monthly Payment$497.36 APR*3.753%
Term180 Months Interest Rate3.750% Monthly Payment$363.61 APR*3.838%
*APRs (Annual Percentage Rates) shown are available to well qualified borrowers. 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 80% 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. 5-Year Draw Period.
APRs and monthly payments are based on a $50,000.00 loan and $300 origination fee.
APRs are accurate as of 06/01/2020 and are subject to change without notice. Approval is subject to Brentwood Bank underwriting guidelines. Appraisal Fee ranging from $350 to $550 may be required.
 
Home Equity Term Loan - Subordinate Lien
Term36 Months Interest Rate3.625% Monthly Payment$1,467.87 APR*4.024%
Term60 Months Interest Rate3.625% Monthly Payment$912.39 APR*3.870%
Term84 Months Interest Rate3.750% Monthly Payment$677.70 APR*3.928%
Term120 Months Interest Rate3.875% Monthly Payment$503.26 APR*4.003%
Term180 Months Interest Rate4.000% Monthly Payment$369.84 APR*4.089%
*APRs (Annual Percentage Rates) shown are available to well qualified borrowers. 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 80% 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. 5-Year Draw Period.
APRs and monthly payments are based on a $50,000.00 loan and $300 origination fee.
APRs are accurate as of 06/01/2020 and are subject to change without notice. Approval is subject to Brentwood Bank underwriting guidelines. Appraisal Fee ranging from $350 to $550 may be required.

 

Tools & Resources

You may also be interested in:
May 13, 2020

Home Loan Toolkit

April 21, 2020

Mortgage Loan Originators

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.

Read More