Home Equity Loan - Fees

Fees

A brief list of fees that may apply for home equity loans:

• Appraisal fees
• Originator fees
• Title fees
• Stamp duties
• Arrangement fees
• Closing fees
• Early pay-off fee

Surveyor and conveyor or valuation fees may also apply to loans but some may be waived. The survey or conveyor and valuation costs can often be reduced, provided you find your own licensed surveyor to inspect the property considered for purchase. The title charges in secondary mortgages or equity loans are often fees for renewing the title information. Most loans will have fees of some sort, so make sure you read and ask several questions about the fees that are charged.