Tuesday, August 30, 2016

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.

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