Account Termination Fee
Updated 04/29/2024

For a HELOC loan, your lender will expect or require you to have your account open for a certain period of time. If you happen to pay your loan early or decide to refinance and close your account, your lender may charge you with an early termination or cancellation fee. In order for your account to be terminated, you must pay the loan amount in full. If you happen to pay for HELOC in 5 years and choose to terminate your account, you will likely incur a fee. Most lenders charge around 2% of the principal balance (a maximum of $450) if you close the account before the five-year mark.

Mortgage Guides

Conventional, VA, FHA, etc. What does it mean?

Local Guides

Explore the best of Middle Tennessee

View Floor Plans and Get Prequalified For A Home Today

Brian/DestinyHomes

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Dalton/Ardent

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Emily/Parkside Form

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Samantha/SmithDouglas

First Name(Required)
Last Name(Required)

View Floor Plans and Get Prequalified For A Home Today

Brittney/SignatureHomes

First Name(Required)
Last Name(Required)