Your Needs and Options
Everybody’s needs are different and most clients have more than one purpose for their Lifetime Loan. In Spry’s experience these are the most common things that clients have used a Lifetime Loan for:
- Home improvements, to keep the home healthy and comfortable.
- Purchases for the home.
- Paying off a mortgage balance or other debt to free up monthly cash flow.
- Replacing the car.
- Reasonable lifestyle expenses. If you are ‘asset-rich but cash-poor’ a Lifetime Loan can make all the difference to your quality of life in retirement.
A Lifetime Loan is designed primarily to release funds to meet prudent financial needs and objectives in retirement years. It is not intended to enable the making of financial or business investments, which we strongly recommend against.