Many people today find themselves in difficult financial situations.  Due to the ever increasing cost of living combined with shrinking paychecks and job loss, some homeowners find that they need to supplement their regular income.  One method that is gaining popularity is Home Equity Release mortgages.  These mortgages are designed to give homeowners the extra money they need now without repaying it until a future date.  The repayment usually comes when the homeowner dies and the money is taken from their estate.  Receiving the money now and delaying the repayment of the mortgage until later is probably the biggest advantage for the homeowner.  The disadvantage is that the repayment will probably take a big bite out of the inheritance of the heirs.  Before entering into this, or any, financial agreement be sure to speak to a professional financial advisor.