Top Secret Guide Comparing Home Equity Loan Products
Costs and Fees Associated with Home Equity Loans
While home equity loans offer attractive interest rates, it's important to be aware of potential costs and fees. These may include origination fees, appraisal fees, and closing costs, which can add up to 2% to 5% of the loan amount2. Some lenders may offer promotional deals or waive certain fees, so it's worth browsing options and negotiating to reduce these expenses.