No. of Recommendations: 1
Please remember, the upfront costs are steep and are the first withdrawal on the mortgage. In addition, the amount withdrawn collects interest at a variable rate.

If you were to become infirm and were to have to go to assisted or nursing home care, if the property is not jointly owned by you and your wife, the property would have to be sold. This has already occurred, where the spouse was forced to move.

Donna
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