A: Closing costs for a home equity loan typically range from 2% to 5% of the loan amount. These costs may include appraisal fees, title search fees, and recording fees.
Q: Can I get a home equity loan if I have bad credit?
A: It is possible to get a home equity loan with bad credit, but you may have to pay a higher interest rate. Lenders will typically consider your credit score, debt-to-income ratio, and equity in your home when making a decision.
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