If you have equity in your home and need more cash in retirement, a reverse mortgage – or home-equity loan or line of credit – is an obvious option. read more
John K. Lunde, Working in the reverse mortgage industry since 2004 Answered Dec 4, 2017 Reverse mortgages allow a homeowner to convert some portion of their home equity into cash through a loan. read more
Mortgage rates now start from as little as 1 per cent. And the £245bn borrowed last year was up 11 per cent on 2015. But one less well-known figure is particularly notable. It relates to the rapid growth — 34 per cent last year — in the popularity of so-called equity release mortgages. read more