http://www.themortgagecouncil.com/home-equity/n76.html The lowest home equity rates are hard to find and virtually impossible to qualify for. Focus on more important matters than finding the lowest home equity rates. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Its hard to know which direction to start off in when you have a quest. Frodo could have walked to the opposite edge of the shire, jumped off the world and disappeared - no more evil ring wraiths, no more problems! But none had ever seen the edge of the world or disappeared from its ghouls, just like none have ever seen even a glimpse of those lowest home equity rates lenders are always raving about. The fruitless search Go ahead! take a few quick seconds to search for some home equity rates - pretty low, correct? Yes! Low indeed! These are advertisements people, meant to get you excited. The lowest home equity rates are only available to people who match the following: They have incredible amounts of home equity. Anyone owning a California or Florida home has ton's of instant equity. They have substantial income to afford the additional monthly payments. Instantly, the field of potential applicants is cut from several millions to only a select, elite few. The field is further trimmed to those that have a set plan for their equity and who know how to bargain down to the lowest home equity rate. Is this you? No, we didn't think so, and the number of people who qualify will become less and less as housing prices continue down their current slide. Creating your own lowest home equity rates Instead of concentrating on the lowest home equity rates advertised, base your good deals on the lowest home equity rates you qualify for. Decide exactly what you are looking for in your equity loan, and decide how much you actually need to accomplish your equity goals. Remember to take your current mortgage obligations and income into consideration at all times, apply for as many different options with as many different lenders as possible, and see what you can find. If the lowest home equity rates you find are applicable only on an amount significantly greater than you need, pass up the offer and continue your search. Finding the lowest home equity rates is not essential to your mortgage quest, finding the right home equity financing opportunity is. Sat, 26 Jul 2008 15:00:00 EDT