Q: Can I use my structured settlement to purchase a home?

Can the payments from a structured settlement be used to make mortgage payments?

A:  Yes, you can use your structured settlement payments to purchase a home. You can use the periodic payments to cover mortgage payments as they are due. Using structured settlement funds to purchase a home can provide long-term financial stability and help you build equity. Whether or not paying for a home with a structured settlement is a sound financial decision will depend on mortgage rates and structured settlement rates at the time of settlement. Consult with a structured settlement consultant or a financial consultant for more detailed advice.