Do you need more money? Are medical bills, retirement expenses, repairs, unemployment, or college tuition bills causing you to panic? Perhaps you have considered taking a second mortgage out on your house, but decided against it because you might not get enough money, you might not be able to handle it with your current mortgage, or you might not even qualify for one.

It may be time to look into an option called "rent back". Rent back involves selling your home to a specialized real estate agency and then paying a low monthly rental fee so that you can continue to live in your home just as you always did. Over time, you will buy back your house and it will be returned to your ownership.

A sell and rent back plan is a great option for people who may not qualify for a traditional second mortgage. Just as in a second mortgage, your home serves as your collateral for a loan; but unlike a second mortgage, your monthly payments can be very low, and are not added to the considerable mortgage payments you already have.

A rent back plan is an option for any home. Apartments, condos, single family residences and manufactured homes are all eligible. Even studio apartments can qualify for a rent back plan with the help of a specialized real estate company. Real estate agents can work with anyone regardless of the size of the home, to find a monthly payment that is reasonable.

Even though rent back plans technically place homes for sale, there is never any danger that you will no longer be able to reside in your home. You will sign documents that state that the real estate company will not legally be able to sell your home to someone else for a period of time. And there will be no annoying rental rules - your home is still yours to do with as you wish, just as it has always been.

If you've been looking at homes for sale, worrying and wondering whether you might be forced to give up the home you already own for a smaller, more inexpensive one, don't worry. You can stay in the home you love as long as you wish, thanks to rent back plans. Contact a rent back real estate agent today to find out more about this great opportunity.