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What costs are associated?

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Posted by Admin Posted on Mar 10 2023

What 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      

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