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Click here to go backWhat costs are associated?
- The costs associated with getting a home equity loan are basically the same as a refinance.
- Appraisal
- A non-refundable application fee
- Up front points, which equal one percent of the entire credit limit
- Closing costs, which are the same as the closing costs you would pay upon purchasing a home
- Yearly fees and the possibility a transaction fee per draw
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Source: Thomson Reuters