April 30, 2008
Reverse Mortgages
You almost certainly know what a mortgage is, but perhaps you have not heard of a reverse mortgage. A reverse mortgage is a form of equity release on the property you either already own in full or partly own. As reverse mortgages may not suit all circumstances, it is very important that you obtain specialist financial advice that is impartial and independent before you take out a reverse mortgage. It can be an inexpensive way to raise funds, especially if you do not need to make provision for any dependents in the future. Whatever route you choose, ensure that you you have all the facts and figures and that you have taken independent advice on board.
