06-07-2007, 04:52 PM
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#3
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MVP
Join Date: May 2005
Location: washington, D.C.
Posts: 11,460
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Re: Home Equity Loan Closing Costs
Quote:
Originally Posted by hesscl34
It is understanable for a bank to charge closing costs when getting a Home Equity Loan. I know that if you get a "line of credit" rather than a loan that they will wave the closing fees, but it is normal practice when you get a loan (because you need an appraisal) to end up paying fees? I just got a good faith with fees for about $1100, which seems high to me. $500 of it for Pre-paid finance charges????
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Hessy, check your PM.
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