Equity Add-Vantage Program | Resources for Current Borrowers

With our Equity Add-Vantage Program, you can pay off your mortgage faster while potentially saving thousands of dollars in interest.¹

One Small Tweak Could Mean Big Savings

Rather than making one monthly mortgage payment, Equity Add-Vantage deducts half of your monthly mortgage payment from your checking account every two weeks. While it may seem insignificant at first, this slight acceleration of your payments can have a major impact in reducing the overall cost of your mortgage. Below explains how the program works, and we also offer you a free Bi-Weekly Mortgage Payments Calculator to run a test scenario with your numbers.

Bi-Weekly Mortgage Payments Calculator

The Basics

Rather than making one monthly mortgage payment, Equity Add-Vantage deducts half of your monthly mortgage payment from your checking account every two weeks. This slight acceleration of your payments may have a notable impact in reducing the overall cost of your mortgage. Note that your loan must be current at time of enrollment.

While your mortgage is still amortized monthly, we will collect payments bi-weekly and apply once the full payment amount is received. Excess funds received within the month will be applied directly towards principal.

2025 Payments Calendar (PDF)

The Payoff

By the end of a year, you could pay the equivalent of one extra monthly payment that directly reduces the principal balance of your loan. In turn, you will be building valuable home equity faster.

The Details

A $3.95 per-payment fee is applied to each payment, which is automatically drafted from your checking account. Note that savings in interest are a result of the additional partial payments made twice per year, not the timing of the payments. Equity Add-Vantage is only available on eligible mortgages originated through Greater Nevada Mortgage.

An Example

Equity Add-Vantage accelerates your loan payoff because the additional amount is applied directly against the principal balance of your loan. The effect may potentially save you thousands of dollars in interest and take years off of your mortgage.² For example:

On a $200,000, 30-year loan with a 5% interest rate, you could save approximately $34,000 in interest payments. Plus, you’d be able to pay off your loan in approximately 25.2 years!³

Bi-Weekly Mortgage Payments Calculator

Ready to Enroll?

Click below to download the Equity Add-Vantage application.⁴

Equity Add-Vantage Application 2024 Payments Calendar (PDF)

¹ Equity Add-Vantage is only available on eligible mortgages originated through Greater Nevada Mortgage.

² Borrowers will realize the principal reduction twice in a 12-month period. Principal reduction will be made in the months where a third bi-weekly payment occurs. View the Equity Add-Vantage Payment Calendar.

³ Mortgage calculations used are for illustrative purposes only. Individual results may vary. We assume no prepayments are made prior to the start of your biweekly payments. Borrower acknowledges any changes in interest rate, length of mortgage, escrow amounts, refinancing of the subject mortgage, or additional payments will have a significant effect on the savings and payment schedules. Savings in interest and early payoff are based solely upon the example provided.

⁴ Greater Nevada Mortgage uses DocuSign to support secure electronic forms and signatures. By accessing the link, you will verify your identity and electronically remit documents to us. If you are unable to complete the verification questions or have questions regarding the document for signature, please contact us at 775-888-6999 or 800-526-6999.