A lifetime mortgage is a convenient way for older homeowners to take advantage of all the equity they have amassed in their home. Whether they want money to remodel the kitchen, travel the world, or indulge in a luxury purchase they may have been putting off lifetime mortgages in Crystal Palace can provide it.
How Does a Lifetime Mortgage Work?
If you have worked hard your whole life and would like to eat some of the fruit of the financial tree you have cultivated, a lifetime mortgage may be the perfect way. Mortgage & Lifetime Solutions provide expert guidance on the best way to handle such a mortgage.
Lifetime mortgages are a lot easier to obtain than most people think. The only major stipulations are that the applicant be at least 55 years old and have substantial equity in their home. A lifetime mortgage differs from a standard home equity loan in one important respect: if you don’t wish to make monthly payments you don’t have to.
