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When you apply for a home equity line of credit are you liable to pay any application fees before you sign? |
When you apply for a home equity line of credit are you liable to pay any application fees before you sign? No! application fees and any other fees should be paid in escorw. Usually fees are deducted from the loan proceeds, and very rarely is it an out of pocket expense for borrowers (unless you agree to pay for closing cost), in which case you advance the funds in your escrow account and the escrow officer is the one in charge of disbursing funds at close. Source(s): http://www.valueinflow.com There is usually an application fee for any Home type loan of about 1% of the amount This depends on where you apply. As a general rule, no. Mortgage http://www.tomvoli.com/category/mortgage... |
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