Work with Experts, Gain Access to the Value in Your Home
If you were to go around to a few of your neighbours who live within a block or two of your home, you’d most likely find a couple or a family with a significant amount of equity in their home. In fact, you may be one of the homeowners who has made mortgage payments consistently for years and now have a lot of value you could use for a variety of purposes.
If you’re like thousands of people in the world, this may be the most valuable asset you have, or ever will have. In recent years, a form of regulated equity release has been offered, sometimes referred to as a lifetime mortgage. This plan will give you access to the value in your property on-demand, and you don’t have to sell your home, release ownership to anyone else, or move to another residence.
How Does it Work?
If this small amount of information is enough to get you interested in using the equity of your home, the next question is: How do you release equity from your home? What are the details of the process that gives you access to wealth you’ve built up over the years, money you can use any way you want? There are certain guidelines, of course, but the overall process can be quite simple.
The first step is to forget what you may have heard about programs of this type a decade or two ago. The new, closely regulated plans are much different nowadays. When you work with one of the leading providers of these safe, new plans, you will never have to sell your home, or even part of it. You can also gather more information about this exciting opportunity by visiting the website of a reliable specialist who is available to help you.
Perhaps the best benefit of working with professionals during this process has to do with the cost. Put the top firm to work for you, and they’ll never charge you a fee unless you complete a plan. Until the program actually starts for you, you’re under no obligation to continue. As you browse the site, be sure to spend a few minutes with the frequently asked questions (FAQ).
You’ll be able to read more about what equity release is and how it works for you. There are details about how you qualify for an equity-release plan. For example, if you’re 55 or older, have equity built up in your property and want to use that value for any purpose, chances are you are eligible. The specialists you work with will help you determine how much equity you have, the difference between the home’s fair market value, and the balance of mortgages and loans on the home.
Of course, you can also use the convenient equity-release calculator on the website to get the numbers you need almost immediately. Once you’ve gathered the information you need, be sure to call and talk to a representative about your specific situation. You could start using your equity/wealth very soon.