What costs can I expect from a home loan re-fi or home equity loan?

Costs associated with a home equity loan and a home refinance loan are usually the same. You’ll need an appraisal, an application fee, closing costs, annual fees, points, which are paid upfront and equal one percent of the entire credit limit, and in the case of a HELOC loan, possibly a transaction fee per withdrawal. These fees can vary by lender, so be sure to ask for specifics before you make a decision on the loan.