Homeowner for Many Years? Equity Release May Be for You
If you’re a property owner who’s been investing time and money in a home for many years, it’s quite likely that the equity you’ve accumulated is your most valuable asset. Equity, in this instance, is the money value you have in a property, which represents your ownership right. In the last few years, lenders have made it possible for homeowners to make use of this value in a process called equity release.
As long as you continue to make regular payments, you continue to build that value. At some point, you may want to use it in ways that you choose. You can, with the regulated and flexible equity release that gives you access to your money while you remain in your home and still own it. At one time, people may have thought it was necessary to sell their homes to have access to equity. This is no longer … Read More ...