Reported 1 day ago
In 2025, closing costs for home equity loans and HELOCs range from 1% to 5% of the total loan amount, depending on the lender. While HELOCs typically incur fewer upfront costs, they may have ongoing fees. Homeowners can reduce costs by comparing lender offers, negotiating fees, and setting up automatic payments. Key costs include origination fees, appraisal fees, and legal costs, among others, with varying potential expenses highlighted throughout the article.
Source: YAHOO