Your home is an asset.
Put it to work.
Most homeowners are sitting on $150K+ in untapped equity. See exactly how much you can access for your renovation, addition, or major project — backed by 30 years of lending data.
// 2 MIN · NO CREDIT IMPACT · NO OBLIGATION
* SAMPLE FIGURES FOR ILLUSTRATION. YOUR SCENARIO ANALYZED WITH ACTUAL PROPERTY DATA.
The numbers behind home equity, in 2024.
U.S. homeowners gained an average of $129,000 in equity over the past five years. If you've been in your home since 2019 or earlier, you're likely sitting on a significant unrealized asset. A cash-out refinance lets you convert that equity into capital — for the kitchen remodel, the addition, the long-overdue project.
Cash-out refinance vs. HELOC. The data.
// NOT SURE WHICH FITS YOUR PROJECT? WE'LL ANALYZE BOTH AGAINST YOUR ACTUAL NUMBERS — NO PRESSURE TO CHOOSE.
Run your numbers. Get real figures.
Enter your home value, mortgage balance, and target cash-out amount. See your new payment, available equity, and break-even — instantly.
// SOFT-PULL ONLY · NO CREDIT IMPACT · 2 MINUTES
From inquiry to wire transfer in 21 days.
A documented, milestone-driven process. You always know what stage you're in, what's next, and when funds hit your account.
Equity Analysis
We pull your home value, current balance, and run available equity at multiple LTV scenarios.
Rate Lock + Docs
Lock your rate, submit income/asset documentation through our secure portal. No paperwork mailed.
Appraisal + Underwrite
Property appraisal scheduled within 72 hours. In-house underwriting moves the file fast.
Close + Wire
Sign at closing, wait the federal 3-day rescission, funds wire to your account. Project starts.
Larry Steinway
REGIONAL MANAGER · VP RESIDENTIAL LENDING · NMLS# 223579
Three decades of residential lending experience, structured around one principle: numbers don't lie. I've helped thousands of homeowners convert their equity into real-world projects — kitchens, additions, paid-off debt, and college tuition. The math comes first. The relationship comes second. The result is the same: clarity.
How a cash-out refinance actually works.
How a cash-out refinance actually works
Larry Steinway · New American Funding
Real homeowners. Real projects. Real numbers.
"We pulled $180K out to do a full kitchen-and-primary-bath renovation in our Evanston colonial. Larry walked us through three scenarios before we picked one. Closed in 19 days."
"Used $95K of equity to add a second story for our growing family. Larry's spreadsheet showing principal vs. interest over time made the decision feel like math, not gambling."
"Took out $140K to finish the basement, redo the deck, and replace the roof. Larry was responsive at 9pm on a Sunday when our appraisal came back. Felt like having a CFO on call."
Questions, answered with numbers.
How much equity can I actually access?
Standard cash-out refinances allow you to borrow up to 80% of your home's appraised value, minus your existing mortgage balance. So if your home is worth $600K and you owe $250K, you could potentially access up to $230K in cash. We'll run your specific numbers in the equity analysis.
How will my monthly payment change?
Payment depends on three things: total new loan balance, the rate you lock, and term length. The calculator above shows live numbers. Many borrowers actually keep their payment flat by combining the cash-out with a rate or term adjustment — we model that comparison in your quote.
What credit score do I need?
Conventional cash-out refinances typically require a 620+ FICO. FHA cash-out goes down to 580. The pre-qualification form uses a soft credit pull that does NOT affect your score, so checking your eligibility is risk-free.
How long does it take to get the cash?
Average close: 21 days from application to wire. Federal law adds a mandatory 3-day rescission period after closing on a primary residence cash-out, then funds wire to your account. Total: ~24 days from start to money in hand.
Cash-out refinance or HELOC — which is right for me?
If your project has a defined budget and you want a fixed payment, cash-out wins. If you're tackling phased projects over 1–2 years and want flexibility to draw as needed, a HELOC may fit better. We'll run both side-by-side against your actual numbers — there's no pressure to pick before you see the math.
See your equity. In 2 minutes.
Tell us a bit about your home, your project, and your goals. We'll send back a personalized equity analysis with cash-out scenarios, payment projections, and a clear recommendation.
// SECURE · ENCRYPTED · YOUR DATA NEVER SOLD
