Susan P Grogan
New Member
- Messages
- 2
How would you propose "getting equity" without a mortgage?get equity from the home or should or could I get a mortgage
I would advise you to get a divorce.No, I didn't get a judicial separation,
Remortgage (not sure you have enough income?) - but ensure you do this as part of divorce settlement & include pensions etcbest option for me as to give him the sum of €150.000
€150.000. I'm 56 yrs old and am self employed and take home about €22.000 per annum,
Did he pay half the mortgage always? If yes than the 150K is looking a good deal. At your age you should consider downsizing and extracting your self from the financial entanglment with you ex. Can you buy something for around 250K?
Alternatively, but I'm not sure with your age, would one of those older release equity schemes work. You'd keep the house and end up probably leaving nothing to the children. Prefer the downsizing route, and a lot less cost to keeping a bigger house.
I did a googleWould you mind providing bit more info about equity release for older persons please? I have a family member in a similar situation.
Would you mind providing bit more info about equity release for older persons please? I have a family member in a similar situation.
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