Equity Release - What is Compound Interest in a Lifetime Mortgage - July 2020.
In this video, Equity Release - What is Compound Interest in a Lifetime Mortgage, I use the Rule of 72, to explain how Compound Interest applied to a Lifetime Mortgage can affect your home equity.
I hope that this video will dispel the myth of "You will have no equity left to give to your children"
Be sure to have your Equity Release Adviser explain the effects of compound interest on the equity of your home, if you are considering taking cash out of your property as part of your Estate Planning.
The tables in the video can be seen in my blog https://www.explainingequityrelease.c... and you are welcome to contact me with any questions via my blog or telephone me. The phone number is shown at the end of the video.
Please feel free to comment below.
Here is a summary of the 20 videos in this series available to view now.
Who Is Pat Cunningham and Why Is He Explaining Equity Release ?? • Who Is Pat Cunningham & Why Is He Explaini...
What is Equity Release ?– July 2020 • What is Equity Release? -July 2020.
Equity Release - What is Compound Interest in a Lifetime Mortgage - July 2020 • Equity Release - What is Compound Interest...
How do you qualify for Equity Release? - July 2020 • How do you qualify for Equity Release? - J...
Equity Release Safeguards and Guarantees - July 2020 • Equity Release Safeguards and Guarantees -...
Getting Permission from Occupants for Equity Release - July 2020 • Getting Permission from Occupants for Equi...
How Long Does It Take To Arrange Equity Release ? - July 2020 • How Long Does It Take To Arrange Equity Re...
Equity Release Early Repayment Charges - July 2020 • Equity Release - Early Repayment Charges -...
What Happens with Equity Release when You Enter Long Term Care ? - July 2020 • Equity Release - What Happens When You Ent...
What Happens with Equity Release when You Die ? - July 2020 • Equity Release - What Happens when You Die
Can You Still Move Home with Equity Release ? - July 2020 • Can You Still Move Home with Equity Releas...
Equity Release - How Much Can You Borrow ? - July 2020 • Equity Release - How Much Can You Borrow ?...
Equity Release - Home Reversion Plan - July 2020 • Equity Release - Home Reversion Plan - Jul...
Equity Release - Retirement Interest Only Mortgage (RIO) - July 2020 • Equity Release - Retirement Interest Only ...
Equity Release & The Importance of Making a Will - July 2020 • Equity Release & The Importance of Making ...
Equity Release - Lasting Power of Attorney - July 2020 • Equity Release - Lasting Power of Attorney...
Equity Release – Inheritance Tax • Equity Release - Inheritance Tax
5 Equity Release Myths Dispelled • 5 Equity Release Myths Dispelled
10 Equity Release Reasons • 10 Equity Release Reasons
Equity Release Explanations Conclusion • Equity Release Explanations Conclusion.