Month: June 2018

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Lifetime mortgage or retirement interest-only – which is right for me?

Older homeowners now have an extra home finance product to consider – retirement interest-only (ROI) mortgages. These products allow homeowners to pay monthly interest on their loan until they die, sell their house or go into long-term care. At this point the loan is repaid by selling the house. Lifetime mortgages are very similar. These …

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