http://www.mortgagenerd.com/home-equity-loan-rate.html The home equity loan rate you qualify for will be in direct relation to your financial equilibrium. The Mortgage Nerd loves equations, therefore he loves a home equity loan rate just as much! en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 Quadratic! Eulers! Pythagorean! Schrodinger! I LOVE EQUATIONS! I love math. MATH! Oh God - I love everything where numbers and calculations are involved and so should you - math is king in the financial world, and unless all the numbers all up you should never borrow a single dime. This is even more important when you are considering a home equity loan - you must understand the mathematics involved in determining your home equity loan rate in order to fully succeed with your use of equity. Know the end result before beginning Every equation is made up of two parts: The combined variables The solution. Your home equity loan rate will be one of those variables contributing t the overall expenses, but the solution will never come by simply securing a low home equity loan rate. The ultimate solution to any equation involving your use of home equity must be either an increase in your financial holdings - through outside investments or home improvements - or an increase in your financial savings - debt consolidation, bill payments, etc. If you achieve this result then your home loan was a complete success regardless of the home equity loan rate you qualified for. But a low home equity loan rate will help! A lower home equity loan rate never hurt anybody, and in fact helps you in two distinct ways. In the first, when you qualify for a comparatively low home equity loan rate you stand to be approved for comparatively more - you can free up even more of your available equity for your personal use in any way you see fit. Secondly, you can access the money you need at a lower overall expense to yourself. A low home equity loan rate is savings, and it is a better opportunity than if your rates were higher. But rates ae only part of the equity - remember your ultimate solution of making or saving yourself money! What's more important than rates? It doesn't take a nerd to tell you than money isn't everything - and neither are home equity loan rates. Making and saving money is the solution, but beating yourself up to achieve that goal might not be in your best financial interests. Make sure you can afford your complete equity loan on top of your first home mortgage no matter what your home equity loan rate. Your financial stability and continued success is far more important than finding a low rate attached to your home equity loan online. Sat, 26 Jul 2008 15:00:00 EDT