Mortgages for seniors: Getting a home loan in retirement
Key takeaways
Under the Equal Credit Opportunity Act, lenders can’t discriminate against applicants because of their age.
As a result, seniors — like people in other age groups — can get mortgages if they meet a lender’s approval criteria.
However, seniors may find it harder to qualify for a new home loan if they have a limited income, existing mortgage or other debt.
We often think of homebuyers as young people: newlyweds, couples with small children. Читать дальше...