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To keep up with the rates of equity loans, you should read any information available to you. If youhave the Internet, you can go online and read surveys, which will guide you to links that willprovide updates on equity loans and rates. For example, the rates on equity change on set intervals,and this interval change includes rates of *7.92%* high and *4.91%* low. This piece of informationmay not seem pertinent, but if you consider that equity loans have interest and capital for repayment,you will see the value in the statistics.

Furthermore, if you are applying for equity loans, you can point out to a lender offering higherinterest rates that the current ratings are slightly lower. This may open up the door to lower rates ofinterest; otherwise, you can excuse your self and find lenders with competing rates.

You will also need to consider points on loans, locks, rates, fees, and so forth when considering aloan. Many equity lenders today are offering loans with *no closing costs* or other upfront fees.However, if you read the fine print or terms, you will notice that you will need to take out a loanamount possibly steeper than you can afford to receive no closing costs.

Other fees may apply regardless of the claim there are no upfront fees. The key is to carefullyresearch any potential loan opportunity, since researching can help you find loans that may not haveupfront fees, including closing costs; and you could get the amount needed versus the amount thelender expects of you. Finally, loans are a big step and taking the steps to the loan requires theborrower to make decisions with caution since the home is at stake.