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Home Loans and Mortgages as a Senior Citizen

By November 18, 2020Education, Elderly Abuse, Finances

Sometimes buying or selling homes can pose many different and important choices. It can be difficult to make these huge, long-term decisions as a senior. There is a very helpful article that we recommend you turn to:

A Senior Citizen’s Guide to Home Loans and Reverse Mortgages – JVM Lending

Can an individual ever be too old to buy a home? The answer is an emphatic no; you’re never too old to buy a home. If you have the money, or qualify to get a home loan, there is no age limit for buying a new home.

In this article, they start by looking at the most common hurdles: predictable, regular income streams, narrow availability of homes that meet your mobility needs, realtors that aren’t up for the job, and more.  They then address the question: Can you even get a 30-year mortgage as a senior? Finally, they cover the types of mortgages commonly marketed to seniors and talk about some of the financial mistakes that retirees make.

 

At United Energy Workers Healthcare and Four Corners Health Care, we are proud to provide no-cost home healthcare services to DOL EEOICPA/RECA beneficiaries. If you are interested in learning more about what we can do for you and your family, we are always here to explain your options to you. For immediate assistance, please do not hesitate to contact our team today.

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