Most contracts have a "surrender period" (typically 5–10 years) where early withdrawals trigger fees as high as 20%.
Can You Use an Annuity to Qualify for a Mortgage? - FREEandCLEAR can i use my annuity to buy a house
Yes, you can use your annuity to buy a house, but it is often considered a last resort due to high costs. Depending on your contract, you can either take a withdrawal, a loan, or use the annuity as collateral. 🏠 Methods to Fund a Home Purchase 1. Direct Withdrawal (Lump Sum) Most contracts have a "surrender period" (typically 5–10
Some providers allow you to borrow against your own contract value. you can either take a withdrawal