Friday, February 22, 2008

Different Types of Equity Release Schemes

A few more notes on reverse mortgage schemes mentioned previously.Home reversion: A financial company buys a share of the home. When the house is sold, the company takes its cut of the profits. Usually, the company will buy 50-70%. The older you are the higher % that you will be able to take out.Home income [...]

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[Source: Finance Blog]

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