• 14

    Feb

    Proportion of Equity to Prevent Foreclosure!

    You are having a rough time with your rental property or even your private residence. The problem is that your mortgage payments and/or other expenses are driving you into the poor house and you cannot sell or even refinance the property in this market. You cannot keep up the mortgage payments or the negative cash flow much longer. You may not even be delinquent, but you know it is a matter of time before you will be. You may also be upside down in the property, that is you owe more on the property than it is worth. Is that your problem? We have the answer! It is called Equity Sharing. The last time those words were uttered was a generation ago in the early 1980’s, when interest rates were in the 14-19% range and few people could afford mortgages at those rates. People would ban tog
  • 7

    Feb

    Bad news related to Equity Release and Home Reversi by Demographics Alone

    Upon hearing the relentless bad press related to equity release and home reversion, combined with everybody seeming to discuss equity release very tentatively, I couldn’t help wondering whether all this stems from the demographics of those taking out equity release. On the one hand, suspect and pseudo-rogue ’sell house fast’ companies have been relatively ignored, swept under the rug if you may, and regarded as a less worthy cause of concern. On the other hand, equity release and home reversion are entirely regulated by the Financial Services Authority yet still carries a certain stigma. I then asked myself, what is the difference between the two? I came to the conclusion that the difference is the age specific targeting of equity release. Whilst anybody with a house can
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