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

ways to know you're using a credit card responsibly

Six Ways to Know You're Using a Credit Card Responsibly

Credit cards are an important financial tool, but they need to be used responsibly.
Continue to Article
Father and Son with piggy bank

Financial Literacy for Kids

No matter how enthusiastic you are, trying to formally teach finance to kids is a tall order that is likely to make their eyes glaze over. Hold their attention by keeping money lessons relevant, age-appropriate and a bit playful.
Continue to Article
Shaking hands in front of car

Best Ways to Finance a New Car

So you’ve found your dream car, and now comes the hard part: paying for it. Most people don’t have the means to pay cash for a new car. That’s why there are alternatives for financing; here’s a primer.
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 deferally 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