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They will also be looking into the specifics of your property, to ensure that the property conforms to the lenders underwriting criteria.
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Most often, rates for mortgage purchase loans and refinance loans are the same, but occasionally refinance rates are higher.
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However, you are still taking on a debt, so you need to ensure you can afford What Is The Current Equity Release Interest Rate repayments as you will be putting yours and your family's home at risk.
We can explain our products, and our later life mortgage advisers will help you understand if they're right for you.
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For example, if your property what is aviva equity release worth £200,000 and you still have £50,000 left on the mortgage, then you might be able to remortgage for £100,000.
This is because you are not taking out a mortgage, but instead selling your home to the equity release loans australia release provider.
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