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How Are My Monthly Payments Figured for My HomeLine?

April 26, 2017figured homeline PAYMENTS

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How Are My Monthly Payments Figured for My HomeLine?

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Your monthly payment on your HomeLine Line of Credit is figured by calculating 1.5% of your outstanding balance or $50.00, whichever is greater. For example, if your outstanding balance is $10,000.00, your payment would be $150.00 a month.