FHA Home Equity Loans
FHA has the best home equity program available. It allows you to borrower up to 95% of your homes value, turning equity into cash, and only has .5% mortgage insurance. For more information on FHA Home Equity Loans check out Home-Equity-Loan-Tips.com.
A home equity loan can be a great way to save interest by paying off credit cards, save taxes by converting more of your monthly interest into a tax deduction and increase your credit score (paying off revolving debt increases your credit score). You can even pay off cars and other debt making that interest tax deductible. To maximize your financial situation its best to have as much of your debt as possible tied to your house.