There has never been a better time to take out home equity loans. Rates are at 40 year lows, but can go up any day now! The federal reserve has been doing quarterly rate hikes for quite some time now, and it's had an effect on mortgage rates. There is no better time than now to take advantage of these low rates. A home equity loan is better than a mortgage refinance because you do not have to pay such high closing costs. One of the disadvantages is that you may end up with a higher rate than a refinance, but it's good to take one out especially if you're trying to avoid a pre-payment penalty. Bottom line is, there is always good reason to get home equity loans and get the cash you need. You can use the money for any reason, and the interest payments are tax deductible. What are you waiting for? You can apply today and save hundreds of dollars every month with one of our great loan programs.