Heloc with extra payoff amount
Hey, I took a heloc on my condo 10 years ago when I had it out right for 47K, now 10 years later I got like $6K left and that ok. A few days later ago I called the bank just to check the temperature and I was told that my ending balance as of today is not the final amount, the payoff amount. The payoff amount is actually $3,500K higher than the balance on the loan. Is that normal ?? I was told on Friday the bank in the last 10 years ordered 3 appraisals without my knowledge, nobody hasn't been inside to take a look or anything but somehow the appraisals were submitted and bank paid for them. I just want to know if that normal or the bank is running on the low some corporate espionage !!! P.S. Thanks ahead for any help and advice !!