Hey everyone, I'm in a bit of a unique situation with my mortgage. I'm unable to make a larger downpayment because of an assumable loan, and not qualified for for current loan ammount. I have additional saving, and someone suggested considering an annuity as an alternative as it is considered as an income. Here's the scenario: I invest $36,000 for 3 years, and in return, the annuity company releases $1000 every month. I'm not particularly concerned about interest rates.
Does anyone have any thoughts or insights on this? I'm mainly looking for advice on whether this could be a viable option given my circumstances. Any input would be greatly appreciated! Thanks in advance.
Submitted May 30, 2024 at 12:34AM by txa30 https://ift.tt/2WMetQ5
