Hi folks, J.G. Wentworth here. Today we would like to discuss one of the most important financial decisions you’ll make in your life: whether to stop renting and instead purchase a home.
While buying your first home is, without a doubt, a truly momentous event, it is also a decision that we believe far too many people rush into without truly weighing all its possible consequences. Sadly, many will then suffer tremendous short and long-term financial harm when they cannot make their mortgage payments.
Some eager home buyers get so swept up in low interest rates and other “special” bank offers that they do not truly stop and wonder if purchasing a home is truly in their best financial interests; others are so driven to live the “American dream” – which is so often tied to property ownership – that they do not see the many risks that can accompany a home purchase.
Here at J.G. Wentworth – the nation’s largest buyer of structured settlement and annuity payments – we take the future financial security of our customers extremely seriously. It is our fondest hope that none of them rush into a “big ticket” purchase like a home without carefully considering their options. That is because failure to make mortgage payments is serious business, one that can cause untold emotional and financial damage on someone’s life for years into the future.
In our next blog, we will take a longer look at renting versus buying, and offer six strategies to make sure you have the financial and emotional wherewithal it takes to purchase a property. In the meantime, if you would like to talk about how to sell your structured settlement or annuity to get the money you need to purchase a home – or simply want that money in your own hands sooner – please give one of J.G. Wentworth’s trained customer representatives a call at 877-227-4713.