Tread softly on foreign equity products Irish Times, Ireland - The equity release is measured on the property's current market value minus the remaining mortgage against the property, and 60 to 80 per cent of that value ... |
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[Source: Turkey Property Market - Google News ]
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This is where the concept of equity release can play an important role in easing the stresses of facing a future with limited income. However, the financial experts believe this doesn't have to be the case. It is thought many are not aware of the current value of their properties, and, due to increasing house prices over the past few decades, there are a lot of people who own homes worth significantly more than when they were purchased.
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