You can refinance your home and take out some of the equity to pay for a car. However, you probably would not want to pay this loan over a 30-year or 15-year term, so you may consider paying additional money toward your mortgage payment each month that will be applied to your principal. Your financial advisor can give you information as to what payments you could make monthly in order to pay off the "car loan" portion of the mortgage in a standard five years. You could also get a second mortgage in order to help pay for a new car, another option you may want to discuss with your financial advisor.