Mortgage Eliminator Loan

zero in on the goal. finish strong.

If you’re well on your way to paying off your home loan, the Mortgage Eliminator Loan may prove a useful strategy to getting rid of that bill sooner. Lower rates are available on terms from 7 – 15 years, so you can eliminate your balance as fast as possible.

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Find out if you're eligible to refinance via the Mortgage Eliminator Loan.

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Lower Rate, Less Fees

Do you have a moderate-to-small loan balance? Pay it off faster with a lower rate and little or no closing costs

Term Options*

Mortgage refinance options are available for terms from 7 – 15 years to meet your individual needs

Primary or Vacation

You can use the Eliminator for your primary residence, as well as for your vacation home

*All loans are subject to credit approval. Rates are based on your credit history and profile. Rates, terms, and products subject to change without notice. As of 05/19/2022, rates as low as 3.09% with terms of 7, 8, 9, 10, 12, or 15 years. All Allegacy real estate secured loans are subject to legal requirements in the member’s state of primary residence. Mortgage Eliminator Loans for primary or secondary residence are available in California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia, Texas, and West Virginia. For example, a $125,000 loan financed for 120 months at 3.32% APR would result in an approximately monthly payment of $1,225.69. Taxes and insurance not included, your actual payment obligation will be higher. Qualifying states pay little to no closing costs. Closing costs are fees charged by Allegacy at the closing of the transaction that may include property title search, flood certification and if deemed necessary, an appraisal fee.

What others are saying

smilling border collie holding toy ball in mouth playing with owner
Nathen W.
member from Winston-Salem, NC

The people I have worked with on the two mortgages I have with Allegacy have made my experience great – so professional caring and helpful!

little kid pressing their ear to mom's pregnant stomach in sunny room
Wendy N.
member from Thomasville, NC

Helpful, courteous mortgage loan officer and processor. They stayed on top of my mortgage. Kept me informed and helped me select a mortgage that would work for me. It was a great experience from beginning to end.

close-up of toddler holding fingers in a peace sign lying inside open cardboard box
Karen F.
member from Edenton, NC

From the onset of the mortgage application process the team was unbelievably helpful, friendly and sincere. They walked us through the entire process offering help and guidance along the way, making an often stressful period, pleasant.

Front entrance with bench and round mirror by blue front door
Karen E.
member from Lexington, NC

Allegacy made everything so easy to send in information. They also have some of the best rates for mortgages.Everyone kept me up to date on what was needed or expected from me. They also made it easy to work out a closing date that suited our needs since we work during the day.

Apply for refinance

See if you can refinance with the Mortgage Eliminator Loan.

apply now

Calculators to help you pay off your home loan faster

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  • APR = Annual Percentage Rate