‘Homeowners’ News
Equity Release Programs Assist Many
Posted 2008-01-15
Many Britons who own homes are attempting to enhance their disposable incomes through equity release, according to intune group. People are turning to equity release products to make payments on their credit cards and mortgages, as well, according to Mark Gettinby, finances director of the Help the Aged subsidiary. He urges people to speak with an expert before making a decision, however. Many people do not understand the details of equity release plans, says Mr. Gettinby. They will be better served if they get professional advice before continuing. Dean Mirfin, business development director for Key Retirement Solutions, agrees with Mr. Gettinby, saying borrowers, especially retired homeowners, can avoid paying too much if they speak with a loan professional first. Retirees may not get the best advice or find the best deals from equity release providers who mostly interested in making a sale. ...
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Rate Cut May Not Result in Mortgage Savings
Posted 2008-01-7
Homeowners may not see savings on their mortgage payments in spite of additional cuts in the base interest rate this year, says one expert. According to David Kuo, head of personal finance for the Motley Fool, the Monetary Policy...