Equity rates is a very difficult subject to most people and because taking a home loan is a very big and often life changing decision, hopefully this article can help you get a better understanding about home equity rates.Everyone who is thinking about applying for a home equity loan or a mortgage has to consider slight differences of rates in the states they are living in, because the rates vary in the different states. Equity rates are variable with the changes in the economy.Equity rates are controlled by several aspects, banks have a small impact on the rates while the Federal Government observe the economy inflation statistics to find out if the equity rates need to go up or down. Rates are different in Washington compared to New York, for example in July 2008 the equity rates for a $75K home equity loan FICO where 7.70% for Washington while in New York the rates where 7.55%. These are also vary on the type of loan and of course the length of the home loan.Don’t get scared off because equity rates vary so much from state to state, to more you learn about it the easier it will become. Like with any subject the beginning is always a little harder.As you know now, your state is calculated into the rates on home equity loans. Thus, when requesting for an equity loan, it makes perfect sense that you know what the rates are in your current state to get ready to talk terms with the lenders. It really is of no importance if you are an investor when requesting for equity loans because the only thing that matters is finding the best deals. You have to know that almost all lenders are rivals of each other and almost all of them will listen to your negotiation when discussing home loans. You have to keep informed and up to date on current rates and loan offerings if you are to negotiate.As a final note, when considering home equity loans, you have to stick to the advice offered to avoid any losses. By listening to the advice, you can be prepared for the future, and spare yourself of financial burden.Think about what you just have been reading about equity rates and I’m sure you will do a great job next time you are negotiating for a home equity loan.