The remaining 25 % of borrowers use their loan for home improvement, business funding, medical or healthcare financing or other purposes. (valuepenguin.com)
The borrower can then use the loan proceeds for any expenses they wish, such as home improvement, medical costs, or simply to pay off existing everyday bills or property taxes. (thetruthaboutmortgage.com)
The following example walks you through the steps of using the loan calculator. (loanbiz.com)