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We're the Consumer Financial Protection Bureau (CFPB), a U.S. government agency that makes sure banks, lenders, and other financial companies treat you fairly.

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What fees can my lender charge if I take out a HELOC?

Before you take out a Home Equity Line of Credit be sure to read the documents carefully to see what fees your lender can charge you. Under some plans, lenders can charge you:

  • For not using your HELOC (an inactivity fee)
  • For each year you have the HELOC (an annual or membership fee)
  • For terminating the HELOC early, usually within the first two or three years after it is opened (a cancellation fee)
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