This is the most important question. Usually this comes down to considering some key points –

• Your individual circumstances, plans and objectives
• Considering alternative options (i.e. other assets, scaling down)
• Loan amount required & purpose
• Whether a Lump sum, drawdown or combination is required
• Affordability, both now and in the future
• Monthly payments, rolled up interest or a combination of both

Further considerations include –

• Entitlement to state benefits
• Involving beneficiaries
• Credit status
• Estate Planning