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 01/15/2021, rates as low as 2.59% 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 2.62% APR would result in an approximately monthly payment of $1,185.14. 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

father backpack hiking with toddler in forest
Ronnie M.
member from Rural Hall, NC

Sherry and Alicia were excellent in helping me and keeping me informed about what was going on with my loan. Could not ask for better service from these employees.

mother and daughter take selfie hiking
Lori T.
member since 2012

Professional, kind, went above-and-beyond to ensure my my closing date was maintained

girl and mother exploring flowers
Leeann B.
member since 2011

David and his team were wonderful through the entire process. They kept me informed and were quick to respond to my questions and concerns.

Apply for refinance

See if you can refinance with the Mortgage Eliminator Loan.

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Calculators to help you pay off your home loan faster

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  • APR = Annual Percentage Rate