Imagine a life free of the stress of financial worries
Friday, 20 July 2012
As time goes on you will probably start to think about how you will manage financially in the future. With all the current hype around the death of the pension and equity release, it can be a real worry that you might not quite have the equity to live comfortably when you need it the most, particular in the current financial climate.
If you own your home or have nearly paid off the mortgage there are ways to unlock some of the money that is tied up in your house without having to surrender your legal right to live there.
The process equity release could be the answer to all your money concerns for the rest of your life. If you do it responsibly and through a reputable lender then it could be the best way to securely gain access to money otherwise trapped in your home. How it works: you borrow money against the value of your home and pay nothing back until your home is eventually sold.
Before you think about equity release
Before you think about equity release as an option you need to do your homework. You should always investigate other avenues of raising funds before you make the step to release equity. For instance, are you receiving all the benefits that you are entitled to? This could be the difference you need to ensure your financial stability.
You'llneed to consider whether releasing equity will affect your ability to move should your circumstances change. If you have any children, how might they be affected by the decision? It is important to get independent legal advice before you make any decisions. When making a decision of this magnitude it is vital that the advice you receive is impartial and comes from a reliable source with expertise in the area.
You'll also need to do your research to find out everything you need to know about equity release. Look at respected websites such as www.ageuk.org and always speak to an independent financial advisor if you're unsure.
The benefits of equity release
Once you have done all the necessary fact-finding and research and if you decide that equity release is still suitable for you then it could be an end to all your money worries. No matter what stage of life you are at, financial security offers real comfort and can be a real weight off your mind. Then you will be free to enjoy the rest of your days in comfort, free from the anxiety of financial concerns.
Equity release is easily accessible and there are extensive benefits. There is no obligation for you to move home and many of these packages now offer you the chance to retain 100% ownership with interest rates which can be fixed for life.
Choosing to release the equity in your home means that you gain access to the cash you need without having your lifestyle negatively impacted - perfect for those who are looking to make their final years more comfortable.
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