The sell and stay home sale transaction is a perfect option for the homeowners who need to sell their home without changing addresses. It provides a great opportunity to release equity in your home without moving out of your property. There are a several options and rates of the sell and rent back refinance option so you can choose the right one.
About sale and rent back options
In the sell and stay remortgage alternative, anyone can sell their residential property at a price that allows for a good amount of equity to go right into your bank account. In return, you can also stay living in that home as a rent-paying tenant. If you’re struggling to pay any loans, mortgages or any other debts and your home at the risk then you can use the sale and leaseback plan. It allows the property owner to clear any mortgage and/or debts without any hassle.
Choose the best Remortgage alternative
Many companies are offering the sell and stay option as an alternative to expensive mortgages, so you can choose the best firm for your needs. Before signing an agreement, you should understand the process and get the right solution for you.
If you’ve been turned down for a reverse mortgage, a remortgage or a home equity line of credit, then selling your home and renting it back is the perfect solution for you. It can help your financial situation or even be a way to gain a better lifestyle if you have good credit. The best part is, you don’t even have to move! Put your home’s equity into your bank account, splurge on dinner and pay your rent. It’s really that simple. Look into Sell & Stay options in your region of find a nationwide provider of this new remortgage alternative.