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How To Understand Equity Release

Money : Mortgages

Equity release seems to be more prominent than ever at present, with many adverts offering equity release schemes of varying nature to give you some cash to satisfy one whim or another.

But what is equity release?

Well, this is the name given to t term that allows homeowners to release some money from their homes, without having to sell the house or move.

Equity release schemes virtually always have some age limits on and are designed for the older homeowner.

Whilst they may be right for some people, the key is that whilst a holiday or whatever may be great, if considering one then you should think hard about whether you really want to take this step and lose some security.


By: Fred

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