➞ Paperless
➞ Handled by Expert Underwriters
➞ Merit-based
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:
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.
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.
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.
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.
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:
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:
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
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.
At Fund Capital America, we make the process simple and hassle-free.
Steps to Apply:
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.
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.
This refinance option is designed for specific financial needs, such as funding higher education, medical bills, or business expenses.
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.
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