Lifetime mortgages come in four types: lump sum, drawdown, enhanced, and interest only. The first three options can use the same calculator because they are all similar in one thing- they compound interest onto the back of the loan until the loan is paid off. A lifetime mortgage is not paid until the homeowner dies or moves to long term care. At this time the full capital sum is to be paid along…
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Interest Only Lifetime Mortgage
Gardening in a Limited Space
If you have recently moved to Stonehaven and you are keen to cultivate your small allotted garden, you might be wondering how to get started on the business of cultivating such a limited space. One thing to worry about is the funding required to start your garden. Certainly you recently gained a place to live and hopefully you did so with savings so there is no mortgage. Yet, if you used all your…
When You Should Contact Stonehaven
When thinking about an interest only lifetime mortgage, you may become overwhelmed with the abundance of information that you may find on the Internet. To understand it better you may want to go to Stonehavenequityrelease.info or contact Stonehaven by phone to get an idea on how much you could be paying out of your pocket each month. In order to find that out, you will need to use an equity…