Be Certain Equity Release is the Preferred Option
Reverse Mortgage or Equity Release should only be considered when all other available funds have been exhausted. to consider a Reverse Mortgage while sitting on a sizable ’nest egg’ will prove costly as the interest you will be accruing on your reverse mortgage will far out weigh the interest you receive from your next egg. It is far most cost effective to use up your available resources and then set up a reverse mortgage with a “Line of Credit” to make provision for emergencies, holidays etc.
