Cash Advance REFI/Cash Out Program

POST SETTLEMENT CASH ADVANCE FOR LAWSUITS

REFINANCE WITH CONFIDENCE WITH FUND CAPITAL AMERICA

REFINANCE AND RECLAIM FINANCIAL CONTROL WITH FCA’S CASH OUT REFINANCE

➞  Paperless

➞  Handled by Expert Underwriters

➞  Merit-based

Table of Contents

How Do I Borrow Money From a Pending Lawsuit?

We’ve made it easy to take a cash advance while awaiting your settlement. Many plaintiffs give up on their lawsuit because it’s too expensive, but legal funding provides the financial support you need while pursuing your case. And it’s not as complicated as many people think. To apply for a cash advance on a pending lawsuit:

Application Icon | FCA
Step 1
Submit an Online Application

Provide your contact information, your lawyer’s name/phone number, and the requested cash advance amount. It takes less than 5 minutes to submit your application.

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Step 2
Speak with Our Staff

Our team of legal experts and underwriters will get all the information they need to make an offer. A member of our staff will call to review the details of your application.

Payment | FCA
Step 3
Receive a Cash Advance Offer

We usually make an offer within 24 hours, after speaking with your attorney about the case. If you accept, we’ll email your contract to review. You can accept our full offer or only as much as you need for a cash advance on a pending lawsuit.

Refinance with confidence with fund capital america

Cash out refinancing is a financial strategy that allows homeowners to access the equity built up in their property. By replacing an existing mortgage with a new, larger loan, borrowers can receive the difference in cash. This guide will explore the ins and outs of cash out refinancing, including how it works, its benefits, and what you need to know before applying.

What Is Cash Out Refinancing?

Cash-out refinancing allows you to take out a new mortgage that is larger than your current one. The new loan pays off your existing mortgage, and you receive the excess amount in cash. This process effectively converts your home equity into liquid funds that you can use as needed.

For example:

  • Your home is valued at $300,000
  • Your current mortgage balance is $100,000
  • You refinance for $240,000 (assuming an 80% loan-to-value ratio)
  • After paying off your existing mortgage, you receive $140,000 in cash
How Does Cash-Out Refinancing Work?
  1. Apply for a New Mortgage – You request a new loan greater than your current mortgage balance.
  2. Pay Off Existing Loan – The new mortgage covers the remaining balance on your original home loan.
  3. Receive Cash – The remaining difference is disbursed to you in a lump sum.
  4. Repay Under New Terms – You make monthly payments based on the new loan’s interest rate and terms.
Benefits of Cash-Out Refinancing
  • Access to Large Sums of Cash – Borrow up to 80% of your home’s equity.
  • Lower Interest Rates – Compared to personal loans or credit cards, mortgage rates are typically lower.
  • Debt Consolidation – Pay off high-interest debts and simplify payments with a single, lower-interest mortgage.
  • Home Improvement Financing – Boost your property’s value by investing in renovations and upgrades.
  • Potential Tax Benefits – Mortgage interest on funds used for home improvements may be tax-deductible (consult a tax professional).
Cash-Out Refinance Rates & Factors That Affect Them

Cash-out refinance rates are slightly higher than traditional refinancing rates due to the increased risk for lenders. Key factors that influence your rate include:

  • Credit Score – Higher scores qualify for better interest rates.
  • Loan-to-Value (LTV) Ratio – Lenders typically allow borrowing up to 80% of your home’s value.
  • Debt-to-Income (DTI) Ratio – Lower DTI ratios indicate better financial stability and improve loan approval chances.
  • Current Market Conditions – Interest rates fluctuate based on the economy and Federal Reserve policies.

As of recent market trends, average cash-out refinance rates range from 5% to 7%, though individual rates may vary based on your financial profile.

Pros

✔ Access to cash for emergencies or investments

✔ Potential for lower mortgage rates compared to other financing options

✔ Ability to consolidate high-interest debt into a single, manageable payment

✔ Opportunity to fund home improvements that increase property value

Cons

✘ Higher monthly payments due to a larger loan balance

✘ Closing costs, which can range from 2% to 5% of the loan amount

✘ Risk of foreclosure if you’re unable to keep up with new mortgage payments

Am I Eligible for Cash-Out Refinancing?

To qualify for a cash-out refinance, most lenders require:

✅ At least 20% home equity – Your LTV ratio should be 80% or lower.
✅ A credit score of 620 or higher – Higher scores can help secure better rates.
✅ Stable income and a low debt-to-income ratio – Lenders assess your ability to repay.

How to Apply for Cash Advance Refinancing

 At Fund Capital America, we make the process simple and hassle-free.

Steps to Apply:

  1. Submit an Online Application – No credit check or tax documents required.
  2. Provide Necessary Documents, including:
    • Details of your current mortgage
    • The name of your loan provider
    • Documents supporting your need for additional funds
    • Insurance policy information
    • Proof of increased costs (medical bills, tuition, utilities, etc.)
  3. Loan Review & Approval – A case manager will assess your application.
  4. Receive Your Cash – Once approved, you’ll get your funds quickly.

Frequently Asked Questions

Is Cash-Out Refinancing a Good Idea?

Yes, if used wisely! It’s beneficial for consolidating debt, investing in home improvements, or covering major expenses. However, it’s important to consider the long-term costs.

How Does a Cash-Out Refinance Affect My Credit Score?

Initially, applying for a refinance may lower your credit score due to a hard inquiry. However, making consistent payments on your new loan can improve your score over time.

What Is a Special Purpose Cash-Out Refinance?

This refinance option is designed for specific financial needs, such as funding higher education, medical bills, or business expenses.

Can I Refinance with Bad Credit?

While a higher credit score helps secure better terms, some lenders offer options for those with lower scores. However, expect higher interest rates and stricter conditions.

Has your case settled, but you still haven't received your settlement check? apply for post-settlement funding with fca legal funding

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