One of popular goals that people often have is to be able to own a home. Home ownership is something that is commonly sought after by millions of people every year. There is something about owning a house that makes people feel like they have arrived. Given the recent economic recession, it is not surprising that many people struggle to realize this dream. Getting home equity loans with bad credit can be very difficult if you don’t find the right lender to approve your loan.Although it can be quite difficult to get equity home loans approved if you don’t have a good credit rating, there are a few things that you can do to improve your chances of getting approved. The first thing you should do if you are looking to get approved for an equity loan is to start paying off some of your outstanding bills. People who have a large amount of high interest debt will often find it very difficult for them to get approved for any loan.Risk is an important factor that many lenders look at when considering home equity loan applications. The key to getting your loan approved is to ensure that you take certain measures to reduce the risk that they lenders face when approving the loans. By decreasing your debt to income ratio you will take an important step in improving your chances of getting a loan approved. This will also work to improve your overall credit rating as a result.