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Updated over 2 years ago on . Most recent reply

User Stats

35
Posts
12
Votes
Paul Dario Jr
12
Votes |
35
Posts

Closing costs clause on HELOC

Paul Dario Jr
Posted

I'm nearing a close on a HELOC. The CU says in their documentation that they have the discretion to charge me closing costs if I terminate the LOC before 36 months has passed. Is that a common stipulation by lenders offering HELOC's? Thanks.

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