ONE PAYMENT.
ONE LOWER RATE.
ONE FRESH START.
Roll your high-interest credit cards, medical bills, and personal loans into one simple mortgage payment — and put your home equity to work for you.
Takes 2 minutes · No credit impact · Free estimate
Sample Monthly Comparison
*Illustrative example. Your actual savings depend on rates, equity, and credit profile.
Funded
Years Lending
Families Helped
Client Rating
HOW EQUITY BECOMES
DEBT FREEDOM
A cash-out refinance replaces your current mortgage with a larger one. The difference comes to you in cash — which we use to pay off your high-interest debts. You walk away with one payment at one low rate.
We Review Your Picture
List every debt — credit cards, medical bills, auto loans, personal loans. We calculate your weighted blended interest rate. No judgment, just math.
Tap Your Home Equity
If your home is worth more than what you owe, that gap is real money. We refinance into a new mortgage — usually keeping at least 20% equity in the home.
Pay Off The Debts
At closing, we pay your creditors directly. Credit cards zeroed out. Personal loans cleared. Medical bills resolved. Clean slate.
One Payment Forward
Going forward you have a single mortgage payment at a single low mortgage rate. No more juggling six bills, six due dates, and six interest rates.
Consolidation works — if you don't refill the cards.
Cash-out refi gives you a fresh start. To make it stick, the goal is to keep those credit cards paid off going forward. Larry walks through this conversation with every client — no lectures, just a plan that holds.
WHY THIS WORKS:
RATES TELL THE STORY
Mortgage rates are dramatically lower than unsecured debt. The interest savings alone often justify the move.
Credit Cards
Average APR
Personal Loans
Typical APR
Auto / Medical
Common Range
Mortgage
Today's Range*
*Mortgage rates vary by credit profile, loan structure, and market conditions. Get a personalized quote for your exact rate.
No credit impact · 2 minutes · Get a real number, not an estimate
RUN
YOUR
OWN
NUMBERS.
Plug in your home value, current mortgage balance, and the debts you'd like to consolidate. See your estimated new payment instantly — no email required, no obligation.
Instant estimate — no waiting
See total monthly savings across all debts
Adjust scenarios as many times as you want
2 MINUTES WITH LARRY:
IS CONSOLIDATION RIGHT FOR YOU?
Watch: When Cash-Out Refi Makes Sense
Larry Steinway · New American Funding
HOMEOWNERS WHO
CHOSE A FRESH START.
These are real clients who walked into Larry's office carrying debt — and walked out with one payment, one rate, and breathing room.
"Five credit cards, a car payment, and our mortgage — we were drowning in $4,200 a month between them all. Larry rolled it into one payment of $2,650. He didn't make us feel small about how we got here. Just showed us the way out."
Maria & Tomás R.
Saved $1,550/mo · Evanston, IL
"We had medical bills from my husband's surgery sitting at 18% interest plus three credit cards from the recovery year. Larry walked us through every option. We pulled $68k out of our equity, paid everything off, and our overall payment went DOWN. It felt like exhaling for the first time in three years."
Jennifer K.
Saved $890/mo · Skokie, IL
"Larry actually told us NOT to consolidate the first time we asked. The math didn't work yet. Six months later when our equity grew, he called us back. That kind of honesty is rare. When we finally did the refi, it was the right move at the right time."
David M.
Saved $620/mo · Northbrook, IL
Years Lending
THE LENDER WHO
DOES THE MATH WITH YOU.
For 30+ years, Larry Steinway has guided Illinois homeowners through every loan scenario imaginable — purchase, refinance, cash-out, and consolidation. As Regional VP of Residential Lending at New American Funding, he leads with a simple philosophy: the right loan is the one that solves your problem, not the one that pays the most commission.
If consolidation doesn't pencil out for your situation, Larry will tell you. If it does, he'll show you exactly how, walk you through every cost, and stay with you from first call to closing day.
Larry Steinway
Regional Manager, VP of Residential Lending
New American Funding · NMLS# 223579
Direct line to Larry · No call center · Real conversation
Credentials & Trust
NMLS Licensed
NMLS# 223579
VP, Residential
New American Funding
$2.4B+ Funded
Career Volume
8,500+ Families
Helped Since 1993
STRAIGHT ANSWERS,
NO RUNAROUND.
Will consolidating my debt hurt my credit score?
Most clients see their credit score IMPROVE within 60-90 days after consolidating. Paying off revolving credit card balances dramatically lowers your credit utilization ratio — often the single biggest factor in your score. The new mortgage is reported as installment debt, which is weighted more favorably than revolving debt.
How much equity do I need to consolidate?
For most cash-out refinances, you'll need to keep at least 20% equity in your home after the new loan. Example: home worth $400k, current mortgage $200k — you potentially have $120k of accessible equity (leaving $80k or 20% in the home). Larry runs your exact numbers in 5 minutes.
Won't this just reset my mortgage to 30 years?
Honest answer: yes, a new 30-year refi resets the clock. But you have options — 20-year and 15-year terms are available. Many clients keep the same monthly payment but choose a shorter term to actually pay off the home FASTER than they would have. Larry shows you all three scenarios so you decide what fits.
What are the closing costs and how are they paid?
Closing costs typically run 2-5% of the loan amount and cover appraisal, title, and origination. They can be paid out of pocket OR rolled into the new loan. Larry presents both scenarios with break-even math so you know exactly when the savings start outweighing the costs — usually within the first 12-18 months.
How long does the whole process take?
From initial call to closing typically takes 30-45 days. Pre-qualification is same-day or next-day. The longest piece is the appraisal scheduling, which Larry's team prioritizes for consolidation cases since clients are often paying interest every day they wait.
STOP JUGGLING
BILLS. START
BREATHING.
Two minutes to see your total monthly savings. No credit pull. No commitment. No judgment about how you got here — just the numbers and a path forward.
2 minutes · No credit impact · Real numbers, not estimates
