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Home equity loan
Hi there,
Does anyone know how these work. My mum released some equity from her home but has no idea now how much interest will be added by the time she is 'no longer with us' and the loan has to be paid back?
Could you give me an easy example if possible say if she borrowed £20,000. thanks for any help:T
Does anyone know how these work. My mum released some equity from her home but has no idea now how much interest will be added by the time she is 'no longer with us' and the loan has to be paid back?
Could you give me an easy example if possible say if she borrowed £20,000. thanks for any help:T
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it depends upon the contract she signed0
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