Release Equity

Peace and happiness are the mental attributes but money has a role to play in ensuring a peace of mind for everybody. Without enough supply of money, it is hardly possible to enjoy comfort and improve our life style. The olds often suffer the problem of scanty money supply especially in the post retirement period. The ideal panacea to this problem is release equity program.


Equity release plan is mainly of two types : Lifetime mortgage and Home reversion plan. Lifetime mortgage refers to a policy of granting loan against a percentage of your property value. A certain volume of interest is charged by the lender. The loan along with the interest is extracted by the lender after the death of you or your partner. The main advantage of such type of release equity facility is that you are not required to make any monthly repayment.

The other option is known as home reversion plan. If you decide to choose this release equity option, you have to sell a part of your property and in exchange you will get a tax-free lump sum amount or regular income on monthly basis. You will still remain the primary owner of the property and have to bear all the expenses for the maintenance purposes at all times.
Repayment can be done either after the death of the individual or with the proceeds from the sale of the property. A part of the selling price, as per as the contract with the lender will have to be paid to him. The contract of such release equity option is made in such a way that the share of the lender gets equally increased in the event of rise in the property value since the date of agreement finalization.

Multifamily Apartment Loans – The Role of a Broker

It is a good news for the commercial property investors that the leading banks have not yet shown any interest in cutting back lending in the commercial sectors. On the other hand, the residential arena has been severely scathed as the banks have adopted the stringent measures to evaluate the applications prior to granting the loans. The investors, who have been in the earnest quest of finding the long term multifamily apartment loans, find it not so a big challenge. The interesting point is that such loans are coming with enticing rate of interest.

Though it is not mandatory still it is better to take help of a commercial loan broker. The brokers are knowledgeable and keep themselves updated with the details of every multifamily apartment loans program. The policies do not remain the same change in response to the evolving needs of the borrowers. The multifamily apartment loans brokers always get to know even an iota of change in the loan policy and underwriting guidelines.

The investors should know that their applications will only be considered if the lenders are sanguine of the repayment ability of the borrowers. The lenders will take the plea of an applicant seriously if and only if the borrower comes up with a concrete plan and describes it in the convincing color in his application paper. It is better for the person to be prepared with a commitment letter from the bank by making an inquiry about the multifamily apartment loans, terms as well as necessary steps to be taken to close the deal. Taking these steps will make the lenders realize that the person is under the guidance of an expert commercial broker and their attitude towards him changes all on a sudden. As a specialist multifamily apartment loans broker can easily navigate the market, so he takes very little time to catch the best possible deal.