Home Equity Loan Information

FHA (Government Insured) Home Equity loans allow you to convert the highest percentage of your equity into cash to pay off other bills at the lowest cost.  In order to help control the debt problem in this country, the FHA allows borrowers to access up to 95% of their homes value to pay off existing mortgages and get cash to pay off non mortgage debt.  If you are considering a Home Equity Loan make sure you talk to an FHA approved lender.  No all mortgage companies can offer these government insured loans and they make a big difference in the cost and the amount of cash you can get.

Borrowing against the equity in your home can be a great way to save money.  By paying off higher interest rate debts you not only save money in interest, but the interest can become tax deductable saving you even more money.

There are many ways to access the equity in your home through a mortgage, but the best is a government insured FHA Loan.  A government insured FHA Loan will allow you to access up to 95% of the value of your home at low rates.