Buying a Home: How a Structured Settlement Sale Can Help
Selling a structured settlement can be a great way to generate money to purchase a home.
And while some buyers in today’s real estate market are still wary of putting a lot of money into a home purchase for fear prices might still be moving downward, there are compelling reasons to buy a house now. Mortgage payments still build equity. And despite a down economy, paying off a home over time is a major way for families to save for the future.
Another big reason to buy now: Residential mortgage rates are historically low. A mortgage at just 3%-5% interest can build more equity sooner, and experts warn that it’s only a matter of time before interest rates for home loans climb back to the higher rates of previous decades.
However, it’s almost always necessary to put significant money into a property at closing. When you are looking for a down payment on a mortgage, selling all or part of a structured settlement can help you to get the lump sum you need.
You can choose the amount to sell or “take out” of your structured settlement but keep in mind that surrender costs and other charges can take a bite out of the lump sum you receive when you sell a structured settlement. Since there are many companies willing to pay cash for a structured settlement, it’s important to shop around to get the best offers from structured settlement buyers.
As a structured settlement buyer experienced in helping clients “cash out” to aid in a property purchase, CBC understands your needs. Our financial professionals will work with you to deal with the costs, paperwork, and legal issues involved in an annuity sale so that you are ready on settlement day.
Let us help you complete the structured settlement process so you can write that check for a first home, investment property, or any other real estate purchase.