In the UK this is called a "Lifetime Mortgage" or an equity release, here in the United States it's called a "Reverse Mortgage". What this does for an elderly person who has a great deal of equity and value in their home is creates a situation where they get the benefit of that without being forced to sell their homes. With expenses growing, especially medical costs many of our senior citizens are being forced to make very difficult decisions. This is one way for them to have peace of mind when it comes to having the money necessary to live a comfortable retirement. It is however very important to use a company that is trustworthy and to make sure you do your research on this, which is the purpose of this sponsored post, brought to you by www.creditmarket.co.uk where you can go to read more information about the concept of a Lifetime Mortgage to see if it will work for you...
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