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home equity

Debt

The Pros And Cons Of Equity Release Schemes

Equity release schemes are programs that let homeowners access the money tied up with their property. These programs mainly benefit people between the ages of 55-70 who have already paid off their mortgage and own their home.

What is an equity release scheme?

An equity release scheme is basically a loan, which is paid in either one lump sum, or drawn out over a number of years. This loan is paid against the value of your home, which is passed onto lenders after you have passed away, or have been moved into a retirement home.

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Debt

Choose The Right Equity Release Plan For You

Does your old and weak body no longer allow you to earn a living? Is your life long savings not sufficient for  life after retirement?  Do you find difficulties in finding enough spending money due to expensive medicine? Are your successors avoiding you just to deny their responsibilities towards you?

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