Chase said there would be no application fees or closing fees, but they didn't tell me there would be a origination fee or annual fee, but whatever. I like that the home equity loan is established as a line of credit, because I wasn't sure how much I actually needed. They are giving me 20 years to repay the loan and you have a choice between a fixed rate and variable. I went with fixed. By opening a checking account with them I got a discounted rate, giving me a pretty good deal on my loan despite the fees.