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Steve Sauro
  • Rental Property Investor
  • Maryland
4
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21
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Should I pay fees to set up a HELOC?

Steve Sauro
  • Rental Property Investor
  • Maryland
Posted Jan 16 2022, 20:24

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!

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