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On the face of it, a RIO mortgage is similar to a lifetime mortgage , in that RIO mortgages are often used as a form of age partnership equity release release.
Your bank statements and investment accounts will provide a larger picture of how much money you might have available to cover your mortgage.
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Keep copies of your paystubs, W-2 and federal tax returns handy - you'll need them during the mortgage process.
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Unlike a regular mortgage, you don't make any monthly repayments with a lifetime mortgage, and the interest builds up on your loan each year.
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This is a type of mortgage for which you make an agreement with your lender to equity release calculator without personal details money from your home as a lump sum or in small quantities.
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