Equity Advantage
Consider Belvoir Federal’s Equity Advantage Loan when you need a one-time loan for a major purchase or project.
You may qualify for up to 95%2 of the equity in your principal residence (up to $400,000) at a fixed interest rate, or up to 80%2 of the equity in your secondary residence ( up to $50,000)1. To figure out how much you can qualify for take 95%2 of the value of your primary residence and subtract the amount you owe on your mortgage. The result is the maximum amount you may be able to finance. Best of all, Belvoir Federal will pick up the closing costs.
1 If the secondary residence is a rental or investment property, the maximum credit limit is $50,000
2 Percentage may change or be adjusted to accommodate market conditions
