Buying a house after selling your payments

Using a Structured Settlement To Buy a Home

If you’ve been awarded a structured settlement and you’d like to buy a house, you don’t have to wait until all your payments arrive to start accessing your funds. Thanks to funding companies like District Settlement Finance, you can use your money to buy a home, even if you’ve just started getting your payments.

A structured settlement provides an excellent source for a home down payment or a new mortgage. Here’s how it works, and what you need to know.

What Constitutes a “Structured Settlement”?

A structured settlement is a monetary settlement paid as an annuity, which is a regularly scheduled payment. These periodic payments are usually monthly or yearly, and are spread out over a specified length of time.

Typically, structured settlements include monetary rewards for personal injury, wrongful death, medical malpractice, an inheritance, a retirement fund, and lottery winnings.

How Does Structured Settlement Funding Work?

If you’ve received an annuity and want to start accessing more of your money, a structured settlement funding company can help. At District Settlement Finance, we’ll create a customized plan that lets you sell a portion, or even all, of your annuity payments before you get them.

We’ll start by giving you a free custom quote so you’ll know exactly how much cash you’ll receive. Then we’ll work with you to ensure that you get your payout as quickly as possible, so you can start making your money work for you.

Using Your Structured Settlement as a Down Payment

By selling part or all of your annuity payments, you can access enough money for a generous down payment on a house. This can play a crucial part in decreasing your interest rate and monthly payment. The more you can pay upfront, the less you’ll have to pay each month. By lowering your loan-to-value ratio, banks will give you a significantly lower interest rate that could save you thousands of dollars.

Using Your Structured Settlement To Buy a House

If your structured settlement involves sufficient funds, selling your annuity can enable you to access enough ready cash to pay the entire purchase price of a house. This allows you to save tens of thousands of dollars by eliminating the interest rates and fees that come with a mortgage. Plus, you’ll be able to own your home right away, free and clear from all debt.

A home can be the most valuable asset you’ll ever own. Is there a better way to use an annuity than to invest in home ownership? You’ll increase the value of your annuity and use it in a way that can truly improve the quality of your life. If you prefer, you can use your home to make even more money, either by flipping it or renting it out so you can receive a steady monthly income.

Whatever you decide to do, your annuity can make an even greater positive impact on your life if you use it to buy a home, either as a place to live, an investment, or a potential rental property.

If you’ve been awarded a structured settlement and you’re interested in investing in a house or property, call District Settlement Finance today and see how much cash you can get to buy the home of your dreams.