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Home Loan Exit Strategy Letter Template  Form

Home Loan Exit Strategy Letter Template Form

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hi everyone it's Adam here from future set mortgage broken hope you're doing well it's Friday so bring you those mortgage tips where each week we try to debunk some of the myths and explain some of the jargon when it comes to mortgages and property finance and today we're just touching on exit strategies and what it sort of means when you're applying for a loan so basically when you apply for a loan there uh the standard sort of term is normally 30 years so so if you imagine like the um the current sort of uh retirement age official retirement age is 66 and a half so say 6 7 so if you're 30 years old you apply for a loan 30 years from 30 you'll be 60 at the age of the um uh when the loan term ends so you still got a few years before the official retirement age so you you won't necessarily need to have an exit strategy or if you do it's going to be a very few points just to tell the lender now for argument sake say you're 50 years old and you appl

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