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Equity release can help reduce the amount of inheritance tax that your loved ones will pay after you're deceased.
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Getting pre-approved gives the borrower a competitive advantage with a mortgage loan pre-approval by showing the house seller your readiness to purchase.
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The following companies are our partners in Mortgage Refinance: Quicken Loans, AmeriSave, New American Funding, Magnolia Bank, and Figure.
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There are two main types of equity release plan currently available, a home reversion plan, and a lifetime mortgage.
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Because it is mandatory that you repay the existing residential mortgage first you may be left with a shortfall.
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A lifetime mortgage providing an initial lump sum of £20,000, with a reserve facility of £50,000 for use later.
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