When comparing HELOC offers from lenders, check the fine print. Here are some fees that you don’t see with traditional mortgages, but you may with a HELOC: Annual membership/account maintenance fees  Transaction fees for withdrawals from your HELOC Early payoff or early termination fees may apply if you close the account before a specified date.  Nonuse, inactivity, or minimum balance fees may apply if you don’t use the HELOC or don’t use it enough.  Your loan is more likely to come with such fees if it has low or no closing costs. The lender is absorbing your costs upfront and won’t make them back if you don’t use the credit line.