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Drawdown equity release mortgages allow you to take cash out of your home as and when you need, rather than in a single lump sum.
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The rates shown above are calculated using a loan or line amount of $30,000, with a FICO score of 700 and a combined loan-to-value ratio of 80 percent.
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So the first stage to be eligible is to consult with a financial advisor for expert advice before you can access any of the Aviva equity loan definition for dummies release plans.
If house prices fall you might end up in negative equity release versus mortgage, making moving house, remortgaging again or paying back your loan difficult.
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