Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Are there fees or costs associated with a Home Equity Line?

April 26, 2017associated costs fees home equity line

0

Posted

Are there fees or costs associated with a Home Equity Line?

1 Answer

0

Posted

There are no application fees, no appraisal fees, no closings costs and no annual fees associated with a Direct Federal Home Equity Line. If you pay off and close your Line within the first 24 months, you will be charged a $395 fee to offset a portion of the costs incurred to open your line.