To set your HELOC bot so that the estimate shown is 1% of the loan, copy and paste this code:

strategy :mechanize

grab 'heloc_variable:15yrdraw:20yrrepayment', '

**12.17**', :minimums => { :balance => 10000 }

Place it into the 'Instructions' box in the Interest Rate section of your bot:

Save it and your bot will show a payment that is 1% of the loan amount.

**What if I want a different percentage?**

That's no problem! The percentage is a function of the interest rate. In the code above that is the '12.17' number. To change the percentage, you change the interest rate. To adjust to a lower percentage, reduce the interest rate. To adjust the payment to a higher percentage, increase the interest rate.

Here are some samples:

If you want the payment shown to be 0.75% of the loan amount use this number: '9.14'

If you want the payment shown to be 1.5% of the loan amount use this number: '18.25'

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