Home Equity Loans Make a Comeback
b'With Terry Story (http://www.terrystory.com/), 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
Believe it or not, most people looking at buying new homes in the U.S. have one must have that\\u2019s on top of their list\\u2026 and that\\u2019s\\u2026 high speed broadband\\u2026 of all things, especially in rural and less connected parts of the country\\u2026 either because they need that broadband connection for work or simply, more likely, just want to watch Netflix!
And as home sales continue to rise, especially as rental economics make less and less sense, there\\u2019s good demand for homes. Easier lending standards have made it easier for more people to now get loans, even people with lower than ideal credit but good employment histories. In addition, with home prices now well above what they were in 2008, home equity loans are again back in fashion \\u2013 with competitive rates and interest only loans for the first 10 years of the loan.
Finally, Terry answers a listener\\u2019s question about whether a hot-tub needs permission from your HOA.'