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Sell And Rent Back Property ? Pay Off Your Mortgage

August 20th, 2008

There are many reasons why people want to pay off their mortgage through sell and rent back property scheme. Here are just a few:

* To be free of debt.
* To downsize and use the money to pay off debt.
* To pay off credit card bills.
* Recent bereavement means you are unable to afford monthly mortgage repayments.
* Divorce or separation has changed your financial situation.
* The interest on your mortgage has gone up and you can no longer afford the monthly repayments.
* You have been made redundant or lost your job and are unable to meet your monthly mortgage repayments.

Every one of these is a perfectly valid reason for wanting to be
free of your mortgage. And a home buying company offers two ways in
which you can live without debt: sell your home for cash and sell your
home but stay put or sell and rent back.

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