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Home Equity Lines of Credit Calculator – Mortgage Calculator – Home Equity Lines of Credit Calculator. A home equity line of credit is a type of revolving credit in which the home is used as collateral. Because the home is more likely to be the largest asset of a customer, many homeowners use their home equity line of credit for major items such as home improvements, education, or medical bills rather than day-to-day expenses.
Home Equity Loan or Line of Credit Payment Calculator – The home equity calculators and amortization schedules are for illustrative purposes only. Payments may not be distributed exactly as shown. 1 Maximum Loan/Line Amount is determined by maximum combined loan-to-value (CLTV). Rates will be higher for combined loan to value (CLTV) ratios higher than 80%.
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