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Updated almost 3 years ago, 01/17/2022
Should I pay fees to set up a HELOC?
I'm considering getting a HELOC against my primary residence since have a lot of equity in the home. The question I have is should I expect to pay a fee to set up the LOC? I realize and understand the variable interest rate once I draw on it - but will there be a cost associated with establishing the line?
Thanks!