You can refinance your home equity loan for lower rates, just like with any other type of credit. Improving your credit and shopping for rates ensure that you will get the best financial deal. Researching lenders couldn’t be easier with rates and terms offered online for easy comparison.1. You Can Improve Your Credit ScoreCredit scores are fluid, changing every time you pay a bill or open an account. While huge credit score improvements take time, you can quickly polish your score with a few steps.First, check your free annual credit report for any errors. Also, spread out any credit card debt amongst your accounts so no card is maxed. Paying off debts and closing unused credit accounts are also good steps.Improving your credit will improve the rates you qualify for, along with other types of credit. However, even if you don’t dramatically perk up your credit score, you can still find great rates.2. Lenders Charge Different RatesLenders charge different rates than what are being quoted in the news. Financial companies determine their rates based on market demands and competition. You can find these below average rates by shopping around.Don’t just stick with the big named companies. Less known companies often offer better rates and terms in order to compete. Online access allows you to find these great deals. You may also find good rates through a broker site.While a difference of less than a percent may seem trivial, it can save you hundreds over the course of your loan. Taking some time to research lenders is really an investment that pays real dividends.3. You Can Request Free QuotesFinancing shopping couldn’t be easier or faster with the internet. Most lenders post their financing information online. You can also request a basic quote by providing some preliminary information.By requesting quotes first, you can compare lenders without filling out a ton of paperwork or authorizing a credit check, which temporarily hurts your credit score.While rates are easy numbers to look at, search for the APR, which includes both fees and rates. That way you can be sure you won’t get stung with large upfront costs.