Accessing equity advice for seniors
In planning housing and lifestyle options, some people consider re-financing options that allow them to access equity built up in their existing home. Equity is the difference between the value of your home and any amount you still owe on it.
The accessing equity fact sheet is available in the Seniors housing guide.
In considering your options, as with any major decision, it is important to:
- get advice from an independent and qualified expert;
- check and understand any contract; and
- discuss your intentions with your family.
The National Information Centre on Retirement Investments can give you information about how home equity arrangements work. You can call 1800 020 110.
Detailed information from the seniors housing guide.
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