Use the equity in your home to your advantage! At Belvoir Federal, you can secure your Home Equity Line of Credit, Equity Advantage Loan or Tax Wise Loan using your primary or secondary residence (must be in Virginia, Maryland, or the District of Columbia).

• Tax Wise Loans
  At Belvoir Federal, we've found a way for you to save money on your taxes when you purchase a vehicle with our Tax Wise installment loan. These loans are secured first by the vehicle purchased and second by a lien on your real estate property (which must be in Virginia, Maryland, or the District of Columbia). Although most interest on personal loans is no longer tax deductible, interest on loans secured by your home may still be tax deductible for you. To apply for a Tax Wise Loan, check out our online application.
  
• Equity Advantage
  If you need a one-time loan for a major purchase or project, consider Belvoir FCU's Equity Advantage Loan. This loan allows you to borrow up to 90% of the equity in your home, up to $400,000.00, at a fixed interest rate. To figure out how much you can qualify for, take 90% 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.* And best of all, we pick up the closing costs. 
  
• Home Equity Lines of Credit
  If you have a project, tuition, or other ongoing expense for which you will need funds, check out our Home Equity Line of Credit. You can get up to 90% of the equity in your primary residence up to $400,000 and up to 90% of the equity in your secondary residence, up to $50,000. To figure out how much you can qualify for, take 90% of the value of your primary or secondary residence and subtract the amount you owe on your mortgage. The result is the maximum amount you may be able to finance.*
  
  Once you qualify, you can use what you need now and leave the balance for future expenses. You may also access your Home Equity Line by just writing a check. Just request a book of LOChecks to take advantage of this option. In addition, our Home Equity Line of Credit rates are now linked to Prime (as reported in the Wall Street Journal), and we pay ALL closing costs!
  
  Remember, the interest charges on your Home Equity Line of Credit may be tax deductible. Contact a tax advisor for more information.

*Approval amount may be lower based on current market conditions.