Cash Out 95% of Your Home's Value
You’ve successfully built equity in your home. Why not put it to work for you?
With the NASA Federal Cash-Out Refi, you can tap up to 95%* of your home’s value and get instant access to the cash you need. Other lenders limit the amount you can refinance or charge Private Mortgage Insurance fees. With NASA Federal, you’ll enjoy $0 PMI* and exclusive low rates – even on Jumbo Loans!
What will you do with your extra cash?
- Home renovations – Upgrade your kitchen, add a bathroom, or finish your basement.
- Debt consolidation – Pay off high-interest credit cards or personal loans.
- Education expenses – Cover tuition, books, or housing for yourself or a family member.
- Major purchases – Buy a car, fund a wedding, or invest in a business.
- Emergency reserves – Build a financial cushion for unexpected costs.
What Is a Cash-Out Refinance?
A cash-out refinance allows you to take out cash from the equity in your home. For example, if you owe $200,000 on your mortgage and your home is worth $300,000, with a cash-out refinance, you could borrow up to $285,000 (95% of your home’s value), pay off the $200,000 balance, and receive $85,000 in cash. Overall, the difference between your old loan and the new loan amount is paid to you in cash.
Is a Cash-Out Refi Right for You?
A cash-out refinance may be a smart move if you have significant equity in your home. It can also be beneficial if your current mortgage rate is high and you're looking to lower it as well. However, it’s important to consider the long-term impact on refinancing. Your loan balance may increase depending on how much equity is used. Our mortgage experts can guide you through those important questions and provide a budget that works for you.
Why choose NASA Federal?
With our Mortgage specialists, you'll get the one-on-one guidance you need to walk through the refinancing process. You'll enjoy customized financing strategies to meet your budget. Plus, members receive perks such as discounted homeowners insurance!
Fourth Item What if I still have more questions? We're here to help. Contact one of our Mortgage Specialists at 1-888-NASA-FCU (627-2328) or fill out this form and we'll be happy to answer all your questions - no obligation and no commitment necessary.
*Membership and eligibility required. Special loan programs offered to well-qualified applicants. Some restrictions may apply. Offers valid for primary residences only. Special Loan Programs are limited time offers and can end at any time without advance notice. Zero Down Programs for new primary residence purchases or up to 95% on refinances in the following designated areas only: AL, CO, CT, DC, DE, FL, GA, MA, MD, ME, MN, NC, NH, OR, PA, RI, TX (new purchases only), VA, VT, WA & WV. Other home loan programs available nationally (except AK, HI, and NJ). Speak with a NASA Federal First Mortgage Loan Specialist for loan details and rates.
Payment Example: A $250,000 30-year fixed rate with zero points and an interest rate of 6.125% (6.253% APR) would have a monthly principal and interest payment equal to $1,519.03. The monthly payment shown does not include PMI, taxes, insurance or other applicable escrows. The actual payment obligation will be greater when these are applied.
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