Review Your Equity Release Plan in 2025: Key Steps
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- It's a smart move to keep an eye on your finances and chat with an expert now and then to make sure everything's on track with your plan.
- When giving it a once-over, don't forget to weigh your current money situation, how the interest rates are playing out, and if there are any early bird fees for paying it off sooner.
- A good rule of thumb is to take a peek at it every year or when life throws you a financial curveball.
- Keep in mind, if your home's value goes up or down, or if your cash needs change, it might be time to tweak your plan a bit.
- If the fine print with your provider allows, you might have the option to adjust your plan after a review. Just watch out for any extra fees that might come with the change.
Why Must I Review My Equity Release Plan?
It's essential to review your equity release plan because the industry has evolved significantly over time, and you could possibly find a better deal with great features and lower interest.
If you don't review your equity release plan, you could be paying vastly more than you should be!
Equity release plans have been around for about 20 years now and the industry is ever-evolving.
In This Article, You Will Discover:
At SovereignBoss, our aim is to not only provide you with the best advice on unlocking equity, but also on how to maintain your current plan.
Should you review your plan?
Find out now!