There are many ways to get a bad credit equity loan, but you always need to agree to a reasonable interest rate for the equity loan. You should understand that your interest rate will be higher than that of someone that has good or great credit. There are many companies that allow you to search for and compare interest rates. These mortgage calculators show you real-time rates from a myriad of places.
Once you’ve found a great interest rate for a bad credit equity loan, you need to confirm that the rate also applies to other creditors for the same type of bad credit loan. You also need to pay attention to the terms of the loan to ensure that you don’t get the short end of the stick.