EquityReleaseForum.org
open discussion on equity release
Hi, To all you like minded guys on the forum, my name is rob i have been considering equity release for a few years now, when i lost my son in a motorbike accident firstly i am divorced have a few brothers and sisters but they are all as one would say sitting pretty, so i have no one to pass my home onto, hence i have been considering releasing equity but have been stalling because of all the conflicting reviews i have been researching online, some alarming and others in favour. Just today i found this forum so i hope you guys especially the ones who have entered into the releasing of equity from your homes, don't mind me asking for tips and advice which is the best plan, other than the reversion which seems a bit daunting. I will be very grateful for the advice and guidance as to which and whether there are any hidden traps.... Love Rob
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Hi Rob. I'm not an expert, but you sound to me like somebody for whom equity release would work well. I've taken out an euqity release plan myself and I have no regrets. There's certainly nothing sinister about the plans. You have to make sure you're well informed and that you understand what you're getting into becauase there are costs and your options for moving house later on could change, but my view is as long as you understand what you're doing why save up to be the richest man in the graveyard! Cheers Keith.
I'm pondering which plan is best myself. I just sold one home in California and my son is going to college next year.
“When everyone can tell you the truth, they lack reverence for you.†- Machiavelli