COVID 19 Information: Learn more about our ongoing response, account assistance, digital account access and more.
Drive Thrus Open - All Lobbies Temporarily Closed for Walk In Transactions - Branch Staff Assistance Available by Email & Phone.

Cash-Out Refinance

Need extra money for a big expense? Use the cash value of your home. Review Rates

Cash-Out Refinance

Need extra money for a big expense? Use the cash value of your home. Review Rates
Put your home’s equity to work for you. Whether you're looking to fund a big expense or consolidate debt, cash out refinancing from Advancial can make it happen.

Cash Out Refinance

Cash out refinancing allows you to utilize your home’s equity to pull cash out and use those funds for any number of things, including:

  • Home improvements
  • School tuition
  • Investment purposes
  • Large purchases

Debt Consolidation

If you have bills that carry a higher interest rate than your existing mortgage, such as credit card debts or car loans, you may want to consider consolidating them into one new mortgage. By refinancing your existing mortgage and high-interest debt into one loan with one monthly payment, you could save hundreds each month.

Example:
 

Monthly Debts Balance Payments
Mortgage $200,000 $1,043
Car #1 $20,000 $500
Car #2 $20,000 $500
Visa credit card $10,000 $300
Mastercard credit card $5,000 $150
     
Totals $255,000 $2,493


After 2% in closing costs, the new loan amount comes to $260,100. With a rate of 4.625%, your new total monthly payment would be $1,337. We've already done the math, that'll save you $1,156 per month!

Get the Latest News

For Sale sign by mailbox

10 Tips to Get a Home Ready for Sale

Preparing to sell your home can be difficult. You have to create enough ambiance so that buyers can envision themselves living there but make sure it’s not so cluttered that all they see is you.
Continue to Article
Couple prepping to paint

How to Plan and Finance Home Improvement

Once the thrill of becoming a homeowner wears off, reality sets in. Your home is likely to be the biggest single investment you’ll make in your lifetime. If you want to preserve its value over time, that means doing regular maintenance.
Continue to Article
a couple hugging in their new home

A First-Time Homebuyer's Guide

Buying a home is one of life’s biggest moments. For most people, it’s the biggest purchase they’ll ever make, and every penny is worth it when all goes well. But how can you increase your odds of landing the perfect, affordable home without too much stress along the way? Well, follow this guide and we’ll help you get there.

Continue to Article
Leaving Advancial.org
You are leaving www.advancial.org and entering a site that is not operated by Advancial Federal Credit Union. Advancial does not provide and is not responsible for the product, service, overall website content, security or privacy policies on any external third-party site.
Continue
Equal Housing
We do business in accordance with the Federal Housing Law and the Equal Opportunity Act.

Leaving Advancial.org. You are leaving www.advancial.org and entering a site that is not operated by Advancial Federal Credit Union. Advancial does not provide and is not responsible for the product, service, overall website content, security or privacy policies on any external third-party site.
Continue
NCUA
Your savings are federally insured to at least $250,000 and backed by the full faith and credit of the United States government.

Leaving Advancial.org. You are leaving www.advancial.org and entering a site that is not operated by Advancial Federal Credit Union. Advancial does not provide and is not responsible for the product, service, overall website content, security or privacy policies on any external third-party site.
Continue
My Loan Applications
You are leaving www.advancial.org and entering the Loan Applications site.
Continue