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Aside from paying off the mortgage loan entirely, typically, there are three main strategies that can be used to repay a mortgage loan earlier.
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It's also important to consider that some older borrowers find it difficult to pass the affordability tests lenders have in place for remortgage deals.
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With a cash-out refinance, you can use equity for whatever you need like a renovation, paying off credit cards and loans, or even tuition.
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equity release with existing mortgage Release Supermarket receive an exclusive interest rate lower than that offered directly by Aviva themselves.
It what is a retirement interest only mortgage another loan - The release money given to the owner is a loan that is paid back once the owner expires or moves out.
With a lifetime mortgage, you can usually release between £10,000 to £100,000. At Suffolk Building Society we have mortgages for real life.
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