YourLifeSolution.com Develops Arbitrage Based Alternative to Buying Homes in Cash

YourLifeSolution.com is today illustrating an alternate financial strategy for consumers who are interested in purchasing a home outright

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YourLifeSolution.com---instant life insurance quotes online 888.374.2764

Chicago, IL (PRWEB) May 15, 2014

YourLifeSolution.com, an online life insurance quote comparison service, is today illustrating an alternate financial strategy for consumers who are interested in purchasing a home outright. "The general logic behind the strategy involves a home buyer taking the full purchase price of a home and using it to annuitize their own life. When a man is passed the age of 60, they can get a 6.1% return of principal per year and then use the existence of the lifetime annuity to acquire a 100% secured mortgage at roughly 3% interest. This is far more savvy than simply parting with the funds to purchase a home and it provides better tax advantages," said Eric Smith, the founder and independent life insurance agent of YourLifeSolution.com.

YourLifeSolution.com's Illustration of Their Mortgage Arbitrage Strategy on 63 Year-old Man:

A home buyer planning to purchase a $250,000 home in cash can alternatively get a 100% secured mortgage at about 3% Interest on a 20 year fixed mortgage for $1386 per month. The mortgage would be secured by the existence of a lifetime annuity on the homebuyer that would pay $1356 per month. "Not only is the applicant able to get a mortgage deduction, build equity in a home, and simultaneously pay virtually $0 per month beyond the mortgage payment, but also the purchaser will get a lower interest rate than a traditional mortgage with a marginal down payment," said Eric Smith.

Consumers interested in getting information on a lifetime annuity are encouraged to contact Eric Smith via the contact form here, http://yourlifesolution.com/lifeinsurancequotes/contact-yourlifesolution-com/, or buy calling him at 888.374.2764.

Consumers interested in comparing life insurance quotes instantly online can do so at YourLifeSolution.com


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