Co-op Bank offers older borrowers with interest-only mortgages equity release deals to get out

Is your local banker just that kind? Maybe, maybe not, but age does make a difference. If you are 55 and older and you are struggling to pay your mortgage before you hit the mental panic button, you may have options. You may be able to stay in your home for as long as you live with a payment plan that you can live with. Of course before making any major change speak with a qualified financial advisor.