Ready for a House of My Own!
You have been looking for the perfect house for a long time. You finally found one and it’s ideal. It’s the right size, the right price and in the right school district. It’s close to work and family and is in great shape. The only problem is the difference between the pre-approved mortgage loan amount and the negotiated selling price is going to require more money than you want to pay out. You have the cash in the bank, but the down payment will wipe out your savings account. That’s not a smart thing to do when you have a family.
Emergencies requiring cash can arise at any time in life. What to do? A great solution to the problem is to sell all or part or an annuity in order to obtain the necessary cash. With the cash for settlements, you can make the down payment on your home while leaving your savings account intact. You not only are able to purchase the house, you begin your home ownership in a sound financial position. You can sell a portion of your annuity and then turn around and invest the money in equity building property. Anyway you look at this opportunity….you win!
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