So we are at an age to downsize now but cannot sell for a few years yet. Is there anyway to get half the value of your house (buy an apartment) and repay in one payment 3yrs down the road when home is sold. My working life is over and it's a case of asset rich cash poor, so not getting a mortgage. Any guide welcome.
Well we have looked at apartments that would suit us and a number have come and gone. The house is big and full of stuff which we are getting rid of by bit but there is a lot, also waiting for one to finish college and do not want to create a fuss. So mainly logistics and some impatience as we would like to move 'tomorrow' into a new place and get on with it and afraid the selling process will drag out. Thanks.