Commonly used to release money that is being tied up in your home, equity release can help you pay off your existing mortgages and other debts with no capitalising interest.
It allows access to increased funds and a choice to live in your home for as long as you choose or even rent it out-without having to sell your home.
Not suitable for everyone, equity release is perfect for the older generation looking to gain some extra funds in retirement to make home improvements, pay off debts or pay for aged care costs.
Despite benefits, home equity release does not pay you the market value for your property. It condenses the amount of inheritance your beneficiaries could be eligible for otherwise. Have your trusted financial advisor at Mortgage Premiers explain the risks to you in detail. We commit to :
- Kaushalya Gunasekera -
0451989418