An annuity is a series of equal, or nearly equal, periodic payments or receipts. These payments could be for loans, investments, or pensions, providing a predictable stream of income over a specified period.
Empty nesters are a significant segment of the housing market, typically comprising couples whose children have moved out to establish their own households. This often leads to a demand for smaller and more manageable housing units.
A level annuity is a financial product that provides a series of equal periodic payments for a specified period, typically in retirement planning or loan schedules.
A Reverse Annuity Mortgage (RAM) is a type of home equity loan that allows homeowners, typically retirees, to convert part of the equity in their homes into cash without having to sell the property or make monthly mortgage payments.
