Markjbloggs
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Is re-mortgaging a property the only way through which a person can access the equity in their home? Are there other mechanisms through which a loan can be obtained using the equity as colateral, such as a contract that forces the property owner to sell if he/she defaults?
Also, is is possible to get a home equity loan with repayment based on future sale of the property, if the property owner is not in a position to service the repayments before the sale?
sorry if this is a stupid question, but I have little experience in this area.
Also, is is possible to get a home equity loan with repayment based on future sale of the property, if the property owner is not in a position to service the repayments before the sale?
sorry if this is a stupid question, but I have little experience in this area.