How To Decide If Equity Release Is Right For You
| Money : Mortgages Equity release and any scheme like this will be right for some people and their circumstances and not for others. Many people who may see adverts about equity release, for instance, would be much better suited by simply taking out a standard loan with the most competitive interest rate (APR) that they can find. However, for some people, equity release would be an effective way for them to receive the money that they need, as long as they are happy with the scheme, the costs, the requirements and the impact of the scheme - that value in their home is effectively lost. Note also that equity release schemes may have an impact on your receipt of state benefits, and even your tax position and the flexibility you have when selling your home or moving up. Therefore be sure to factor all this into your calculations, and as with any financial decision you should seek financial advice before proceeding. Note of course that equity release should be discussed if possible too with your family - as the scheme will decrease how much money you have to leave in the form of inheritance.
 Questions about equity release:
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