Table of Contents
What if you could retire in your late 40s or early 50s, and live the rest of your life worry-free? What if you didn’t have to worry about running out of money when you got older because that was all taken care of for you. This is the new retirement plan: equity release. Equity release involves selling off a portion of your home’s value and using that money towards living expenses like rent, food, and utilities. It sounds too good to be true but it isn’t!
In this article, Aaron Page, Equity Release Expert at FundWeb will discuss what equity release is and how it can be used as a great retirement solution for anyone looking to get more freedom in their later years.
Retirement Plan: Meet the Equity Release
Loans with this type of product offer amazing features which you will not be able to find in any other business loan. They’re perfect for people who want something more than just an average bank loan because these have many great advantages over traditional financial institutions.
Things how equity release can help you with:
1. Providing a Monthly Income
2. Assisting Your Child in Purchasing Their First Home
3. Supporting Your Child’s Education
4. Planning with Funeral Expenses
5. Funding a New Business
If you are looking for a way to ensure that your retirement is secure, equity release may be the answer. Equity release allows homeowners to take out money from their property without having to sell it or refinance.
This can be done by using an equity release mortgage or shared ownership scheme. The benefits of having a decentralized finance solution will result in increased cash flow and lower monthly payments through interest-only repayments, which means more time in retirement.