{"id":29094,"date":"2018-10-02T13:22:52","date_gmt":"2018-10-02T11:22:52","guid":{"rendered":"http:\/\/www.mamaxxi.com\/?p=29094"},"modified":"2019-06-17T17:19:31","modified_gmt":"2019-06-17T15:19:31","slug":"4-tips-to-understanding-equity-release","status":"publish","type":"post","link":"https:\/\/www.mamaxxi.com\/en\/4-tips-to-understanding-equity-release\/","title":{"rendered":"4 Tips to Understanding Equity Release"},"content":{"rendered":"

As the years unroll, asset-rich homeowners aged 55 years old and above are increasingly turning to equity release as an option of obtaining loans to not only supplement their financial shortcomings but also fulfill other obligations they have set. Some of these obligations are focused on benefiting their personal retirement goals, or the aspirations they have in place for their progeny. Being a loan that will be facilitated upon the death of the loanee, a few guidelines to apprehending all that equity release entails include: <\/span><\/p>\n

There are two types of equity release, learn to delineate the two<\/b><\/h2>\n

If you are the DIY type of individual, hence would like to dig into content entrenched in books among many other types of resources available covering equity release, then you need to focus your attention in mastering the distinction between lifetime mortgage, and home revision plan equity release. On a light note, the former is the most common type of equity release and entails borrowing a lump sum amount of money from a scheme equivalent to a certain value of your home, while retaining 100% of your home\u2019s ownership till death.<\/span><\/p>\n

Home revision plans, on the other hand, constitute less than 5% of the market and entail selling the whole or part of your home to an equity release scheme while retaining the privileges of occupying the property rent-free for the rest of your lifetime. Either option you choose, both bear their own advantages and disadvantages. \u00a0<\/span><\/p>\n

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