However, if you delay in returning your documentation, or there is a problem with your title work or appraisal, your closing may be delayed. Home equity loans generally close within 30 days. For a complete list, please see our Required Documents page . Your rate is based on the Prime Rate published in The Wall Street Journal on the closing date of the previous month's billing cycle. You can repay all or part of your outstanding balance at any time.
Any principal amount paid is available to be borrowed again.
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