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.
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
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Balance |
APR* |
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*APR = Annual Percentage Rate. **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 with terms of 7, 8, 9, 10, 12, or 15 years. Mortgage Eliminator Loans are available in California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Illinois, Indiana, Maryland, New Jersey, New York, North Carolina, Pennsylvania, South Carolina, Virginia, and West Virginia. For example, a $100,000 loan financed for 120 months at 5.85% APR would result in an approximately monthly payment of $1,102.69. Appraisals are required on loan amounts greater than $100,000 for primary residence. Appraisals are required on any loan amounts for secondary residence. |
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Balance Primary Residence up to $750,000** |
APR* as low as 5.85% |
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Balance Secondary Residence up to $750,000** |
APR* as low as 6.33% |
Calculators to help you pay off your home loan faster
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