2006-09-16 23:10:51 · 5 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
me too.. i looked into selling to rent back but they go way under the current market prices and you have to sell the whole and cannot just sell a % of the property..if you have any luck then let me now please
2006-09-16 23:22:58 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I cant see the purpose in doing this really.
If the value of your home is greater than the outstanding amount of your mortgage, then you should be able to remortgage (get a bigger mortgage) to release equity from your home. Obviously your monthly mortgage payments will go up, but probably to far less than you would have to pay in rent to live in what was your own home!
Good luck.
2006-09-17 18:37:03 · answer #2 · answered by bilbybobo 2 · 0⤊ 0⤋
Why would you want to do that? There are other ways to raise money without selling your home. You are risking a LOT of security if you don't own your home. Don't do it!
2006-09-17 12:14:02 · answer #3 · answered by I ♥ AUG 6 · 0⤊ 0⤋
I buy secured real estate notes and similar cash flows- I help people who have future income liquidate it for a lump sum of cash now. I may be able to assist you. Email me at arowe@cashflowmail.com with your contact info or you can give me your email address and I will give you my contact info
2006-09-18 23:43:50 · answer #4 · answered by lil_kitty 2 · 0⤊ 0⤋
WWW.SUREFIREFINANCE.CO.UK can help with loans etc even if you have a poor credit history.
2006-09-18 15:21:14 · answer #5 · answered by Anonymous · 0⤊ 0⤋