While real estate accounts for only approx. 30% of the average household's total assets, mortgage debt accounts for approx. 80% of the average household's total liabilities. Home mortgage debt has increased every quarter since World War II.† In fact, according to the Federal Reserve, total U.S. household mortgage debt now exceeds $8 trillion.

Underlying reasons for this growth certainly include a rise in the total value of real estate over the years. The last decade has seen unprecedented growth in home values throughout the nation, and with this increase has come higher and higher home mortgage balances as new owners enter the market and existing ones refinance.

Another reason for this growth in mortgage debt could stem from improvements in the efficiency of the residential mortgage lending industry, that include at the very least an ability of the industry to reach out to households with previously unrecognized borrowing capabilities. Information technology has played no small part in these improvements, which have allowed a greater number of people access to mortgage debt.

Today, there are seemingly limitless features and options for the home mortgage borrower, including interest-only loans, variable or fixed interest rates, and full-documentation or stated income verification. The list goes on, but the result is that the home mortgage borrower now has more control than ever over their debt.

Debt Free, LLC can help you take advantage of the options available in the marketplace by borrowing smarter . We will help you determine the ideal home mortgage option for you, and if need be, refer you to a qualified mortgage lender that can review your options in more detail. More importantly, we will create a financial plan that minimizes the amount of interest and fees that go to your lenders, and maximizes the amount of equity that is built for you.

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† Remarks by Federal Reserve Board Chairman Alan Greenspan 10/19/2004