The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: HELOC Question Date:  7/20/2006  11:44 PM
Author:  aj485 Number:  232447 of 309665

My wife and I are attempting to refinance our Home Equity Line of Credit. Since we have held our current HELOC for just over one year, according to our lender "if during the first 36 months of your loan you prepay your entire outstanding balance which results in a release of your mortgage or security interest in your co-op, you will pay an Early Closure Releae Fee equal to third party proce