Reasons to Buy Your Retirement Home With Annuity Cash Instead of a Mortgage

Retirement is a dream-come-true for many, but it’s also potentially quite frightening. Gone are the days of income you could count on to carry you through the year and all of those surprise expenses. Between social security and your pension, you may be pretty sure you can get by, but if you’re thinking of buying a new home — whether you’re downsizing to have less to take care of or upgrading to your dream home at last — don’t make the mistake of getting a mortgage when you have an annuity you can cash out.

No Interest

Get cash for structured settlement from your annuity and pay a one-time fee. Get a mortgage and pay interest for years or more likely decades. In fact, you may wind up paying as much in interest as you do in principal, especially since many minimum monthly payments are mostly put toward interest.

No Debt

When you don’t have a lot of income coming in, you don’t want to be saddled with debt. You’ll have no easy way of paying it off. Plus, do you really want to have debt for another 10, 20, or 30 years after you’ve been through that before? Get all the cash you need now and put the stress over debt behind you. With the sale of your current property, you might not need that much more from your annuity.

Better Chances of Winning a Property

Sellers look more favorably on a cash buyer because there are fewer hoops to jump through and you’re far less likely to back out of the offer due to lack of financing. You have a better chance of winning a house with multiple bids or excluding other bids altogether if you’re a cash buyer.

Speak with a Cashout Annuity representative today by calling (844)340-6649  to learn how you can afford your retirement home and live debt-free in your golden years. An annuity may offer a sense of security, but if you can’t access the money when you need it, there isn’t much point to waiting for the money to arrive piecemeal. Get the most mileage for your money by turning an annuity into accessible cash now.

College Tuition: Why to Cash Out Your Annuity Instead of Getting a Loan

It seems like you can’t glance at the headlines without seeing something about the plight of graduates and dropouts alike burdened by years of school loans. Parents of college students trying to shoulder some of the burden often get themselves into just as much debt with PLUS loans and other private loans to raise the cash needed. If you have an annuity, it’s a much better idea to cash it out instead of taking on such long-term debt.

No Interest

Get cash for annuity payments for a single fee without having to pay interest for years or even decades that can easily add up to as much or more than the amount you borrowed. Because of interest, most minimum monthly payments put toward a loan only make a small dent in paying off the principal amount.

No Credit Check Needed

If you or your newly adult child has poor credit, it’s not relevant to an annuity cash out, but it could stop you from getting a loan. If a loan falls through at the last minute, the student may be forced to pull out of school after making plans to attend. Save the trouble and rely on cash instead.

More Flexibility

A student burdened by debt must find a good-paying job or she’ll never get out from under the monthly payments. Knowing there’s no loan to pay off allows a recent graduate to pursue unique opportunities, like travel or service or even starting a business, without worrying about paying down existing debt.

Call Cashout-Annuity at (844)340-6649 to learn more about the benefits of turning your annuity payments into cash you can use right for college tuition. Don’t limit your dreams or the dreams of your child or grandchild by passing on schools you can’t readily afford. Cashing out an annuity is a smart way to finance an education that will lead to a bright, successful future. 

Remembering Frank Palopoli: Chemist and Inventor of Clomid, Popular Fertility Drug

Saturday, August 13th, 2016 marks the day when Frank Palopoli passed from heart failure at the age of 94. He will forever be known as the talented chemist who invented Clomid, the fertility drug for woman that is prescribed worldwide. He leaves behind a loving family and a grandson, James Palopoli, the President of Cashout-Annuity.com, the leading company that assists people who want to cash in their inherited or structured settlement annuities. James Palopoli worked as Director of Operations with CBC Settlement Funding, LLC in Conshohocken, PA.  He was a Banker for 4 years prior at the Continental. He graduated from the prestigious Manhattan College in NYC with a Bachelor’s of Science in Business Administration.  

Frank Palopoli will be missed by his surviving family. Read his accomplishments and obituary in the following NY Times article: Frank Palopoli, Who Aided Fertility With Clomid Drug, Dies at 94.