![]() Home Equity Plan ChecklistAsk your lender to help fill out this checklist. |
Basic Features |
Plan A |
Plan B |
Fixed annual percentage rate |
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Variable annual percentage rate |
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Length of Plan | ||
Draw period |
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Repayment period |
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Initial fees | ||
Appraisal fee |
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Application fee |
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Up-front charges, including points |
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Closing costs |
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Repayment Terms |
Plan A |
Plan B |
During the draw period | ||
Interest and principal payments |
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Interest-only payments |
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Fully amortizing payments |
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When the draw period ends | ||
Balloon payment? |
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Renewal available? |
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Refinancing of balance by lender? |
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What You Should Know about Home Equity Lines of Credit | Glossary | Federal Agency Contacts
Last update: July 9, 2008