http://www.mortgagepirate.com/home-equity/n40.html Home equity loan rates be the highest, foulest rates ye can finds in all the seven seas. en-us Sat, 26 Jul 2008 15:00:00 EDT Sat, 26 Jul 2008 15:00:00 EDT Weblog Editor 2.0 From Tortuga to the great isles of the heathen Polynesian war lords ye be hard pressed to find anything more costly, dastardly, as yer upcoming home equity loan rates. They're gonna be high indeed young mortgage lackey, higher 'an yer first mortgage, higher 'an any refinancing option or any other form of home financing. There be risk me hearties! There be risk in usin;' yer equity and home equity loan rates will always reflect that risk like a cat o nine tails. Whack! There be yer fee! Feeling the whip of home equity loan rates So now yer asking why yer home equity loan rates have to be so high? Ungrateful, insolent, perpetutious wretch! I'll tells ye why! Yer home equity loan rates are guaranteed to be higher than the rates attached to yer first mortgage because yer second mortgage lender be in second position on the lien to yer shack - you kip out on payments, they get the scraps from yer foreclosed home. In addition! Yer equity financing be less stable than yer home purchases. Home prices rarely fall to lower levels, but mistakes happen with equity all the time. Arr, and there be no writ sayin ye have rights or free passage to equity loans. Tis a luxury, reserved for the land locked thieves makin' plundering galore of the meek and the foolhardy. Avast! Prepare the mainsails fer a quick turn to starboard - I spies higher home equity loan rates in the distance. Arm yerselves ye flea ridden lackeys! It be high time we scuttle a mortgage ship! Scuttling lenders with too high of rates If ye thinks there be home equity loan rates attached to yer loan that simply be too high fer all yer qualifications, scuttle that ship immediately and begin conversations with another lending dog. There be no agreements, no parlay and no pirate code where yer financial security be involved, and ye don't have to pay nary home equity loan rates if ye be thinkin' yer rates are too high. And talking with another lenders isn't a form of treachery - its business, yer equity lpans be a business, and as a business yer needin to strap down the hatches and make yer ship sleek and stable to the core. Prepare fer the storm me hearties - increasing home equity loan rates are a brewin! Sat, 26 Jul 2008 15:00:00 EDT