Home Radio Segments Real Estate Round-up Home Equity Loans Make a Comeback

Home Equity Loans Make a Comeback

Terry Story

With Terry Story, 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’s on top of their list… and that’s… high speed broadband… of all things, especially in rural and less connected parts of the country… 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 buy hydrocodone online no membership fees sense, there’s 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 – with competitive rates and interest only loans for the first 10 years of the loan.

Finally, Terry answers a listener’s question about whether a hot-tub needs permission from your HOA.