Home & Finance Matters - Covering mortgages and others » equity release http://homefinancematters.info All things are covered here Thu, 03 Dec 2009 14:39:37 +0000 http://wordpress.org/?v=2.8 en hourly 1 How to release equity in your home http://homefinancematters.info/2009/07/how-to-release-equity-in-your-home/ http://homefinancematters.info/2009/07/how-to-release-equity-in-your-home/#comments Thu, 30 Jul 2009 11:38:58 +0000 http://homefinancematters.info/?p=9 One way to release the equity tied up in your home is a sale and rent back. Unfortunately, the sharks have got hold of this one and so it is not recommended, as you can see from this FSA’s guide to sale and rent back. Another way, is to downsize and move to a smaller home. This is ok but as everyone knows the hassle of moving house, along with the expenses eating into your release equity.

One solution provided by both the UK is equity release. Another, in the USA is reverse mortgages. here you release equity using a lifetime mortgage in reverse, effectively letting the provider (someone like Aviva) take a charge on your house in return for giving you the capital tied up in it.

It does work, people are happy with it and equity release is something worth considering. Even Joe Public wants in by the looks of things. People are also looking for some best annuity rates to have a better future. Now a days equity release have become much  popular like car insurance.

]]> http://homefinancematters.info/2009/07/how-to-release-equity-in-your-home/feed/ 1