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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