What fees can my lender charge if I take out a HELOC?
- Listed: August 13, 2022 9:41 am
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Description
What fees can my lender charge if I take out a HELOC?
Before you take out a Home Equity Line of Credit be sure to read the documents carefully to see what fees your lender can charge you.
Under some plans, lenders can charge you:
- For not using your HELOC (an inactivity fee)
- For each year you have the HELOC (an annual or membership fee)
- For terminating the HELOC early, usually within the first two or three years after it is opened (a cancellation fee)
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Listing ID: 92762f7719ee2595
- Listed by: Editor
- Member Since: July 24, 2018
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