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It’s important to repay your home equity loan and rebuild your long-range credit rating and borrowing power. Regardless of loan size, you will be scheduled to repay the same amount every month. But as time goes on, more and more of the payment will go toward the loan’s principal and less will be needed to cover interest. This calculator can help you see how you’re progressing toward your goal of getting your balance back to zero.
The online calculator is provided for illustrative purposes only, and the information obtained by using the online calculator is not, and should not be taken as, legal or financial advice to any person or company. Results may vary depending on the accuracy and comprehensiveness of the information you provide while using the online calculator. The online calculator is not substitute for consulting a qualified professional. Coastal Federal Credit Union accepts no liability for any losses or liabilities allegedly arising from the use of the online calculator by any person or company.
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