Do you start in the middle of a maths problem in order to solve it? When you have a maths problem you have to start with a beginning. You need a couple of values that will be used to determine the answer, right? This is how you should look at the equity release mortgage calculator and equity release industry. If you want to find out if equity release is a viable option for your retirement income,…
Category
Long Term Care
Which Websites include an Interest Only Lifetime Mortgage Calculator?
Lifetime mortgages come in four types: lump sum, drawdown, enhanced, and interest only. The first three options can use the same calculator because they are all similar in one thing- they compound interest onto the back of the loan until the loan is paid off. A lifetime mortgage is not paid until the homeowner dies or moves to long term care. At this time the full capital sum is to be paid along…
When You Should Contact Stonehaven
When thinking about an interest only lifetime mortgage, you may become overwhelmed with the abundance of information that you may find on the Internet. To understand it better you may want to go to Stonehavenequityrelease.info or contact Stonehaven by phone to get an idea on how much you could be paying out of your pocket each month. In order to find that out, you will need to use an equity…
Why a Drawdown Lifetime Mortgage May Be Your More Favourable Scheme
Equity release schemes were launched by many companies to help people meet their financial requirements after their retirement by releasing the equity held in their home. Unluckily, most of the old equity release schemes turned out to be quite rigid in nature. In equity release schemes, people used to forecast their future fund requirements for the next five years and turn in an application to…