Have you decided to pursue a home equity loan? If so, here's a suggestion for you. Comparison shop. Comparing home equity loan plans can help you get a better deal. Whether you begin your shopping by reading ads in your local newspapers, searching on the Internet, or looking in the phone book, ask lenders to explain the best loan plans they have for you. Beware of loan terms and conditions that may mean higher costs for you. Compare several of the links on this page to get an idea of what kind of home equity loans are available on the Internet.