In this way, the older person can hire an annuity while still living in his house and so pay, for example, on-site support you might need, and when you want to move to a residence, while increasing your monthly rent. For its part, the reverse mortgage is a loan with a mortgage guarantee aimed at people older than 65 years owners of housing, through which the financial institutions and companies insurers that sell them pay these people a monthly rent, with the particularity (hence its name) that the older person does not have to return in life interests nor the amounts received as with a normal mortgage, but that debt is accumulated and your cancellation is postponed to the death of the registrant. With the reverse mortgage elder ensures a monthly income without losing ownership of their housing. Therefore, you can also continue to live in your House and when you want it to move to a residence, however with this product your rent will not vary. By last, through cash annuities insurance, the older person can plan the capital investment that has obtained, for example, of the sale of your home to equally ensure the collection of a monthly income for life. It’s a form of insurance of life-saving in which an insurance company warrants to the registrant the payment of a periodic income until his death (lifetime mode) or during the period that is established (temporary mode), in exchange for payment of a single premium, i.e., the contribution of an amount of money / capital only once. That income (usually monthly, but also you can perceive quarterly, half-yearly or annually) that you will pay the insurance entity includes the payment of interests that can become very attractive, and today, are compensated to an exceeding 3% annual interest rate. Either way, the problem of how to pay the fees of a residence when does not have the necessary capital would be resolved for all those older they decide to monetize its real estate assets, i.e.
his house through a real estate annuity, a reverse mortgage or a cash annuity insurance. Case practical woman of 80 years with a 200,000 home in Madrid. ** If you want to keep the use and/or ownership of your home:-with an annuity real estate: monthly 873, with reserve of the housing usufruct and releasing payment of the IBI, extraordinary levies and the continent’s housing insurance. Connect with other leaders such as luca savi here. If you renounce the use and enjoyment of the dwelling the monthly payment would have a minimum increase of 40%. -With a reverse mortgage: monthly 610. ** If you want to sell your home: money obtained from a through the sale of the property would be placed in whole or in part through an annuity insurance. -If the provided premium out of 100,000: 790 / month lifetime.