Here is an important question, if you are approaching RETIREMENT age, and want to BUY A HOUSE or downsize  - SHOULD YOU BUY A HOUSE BEFORE OR AFTER  RETIREMENT?

I am not a Lender.  I am Margaret C. Taylor Century 21 New Millennium REALTOR® sharing Real Estate information in Southern Maryland.  Once you determine when you should BUY A HOUSE let me be your Buyer's Agent and represent YOU.  I will continue to provide you with information about the Buying Process, along with excellent service.

In RETIREMENT you may have all kinds of assets, checking and savings accounts, but if, in RETIREMENT, you do not have sufficient income you may not meet the Lender's Under-Writing rules and you may not qualify for a loan. 

Be prepared.  Visit a Loan Officer today and ask questions.  Establish now if you will qualify for a loan to BUY A HOUSE in RETIREMENT or if you should BUY A HOUSE BEFORE RETIREMENT.   

There are some mortgage establishments, who will work with you, if you have the assets but not the income. They are using other income qualifying techniques  to qualify you.

I am qualified to help YOU buy or sell your home, or real estate investment. YOU need a Buyer’s Agent, or Listing Agent, to represent YOU.

ASK A QUESTION HERE RealEstate@MargaretC.com

CALL or TEXT 301 481 8407 for a FREE Consultation

I am a Century 21 New Millennium Real Estate Agent. Ask for MARGARET C.

I welcome your REFERRALS in Lexington Park, Great Mills, California, Hollywood, Leonardtown, Mechanicsville, PAX River, and all St Mary’s, Calvert and Charles Counties MARYLAND　

I hope you found this blog, SHOULD YOU BUY A HOUSE BEFORE OR AFTER RETIREMENT?,  useful.  It is for informational purposes only and is not intended as legal or tax advice. An Attorney, CPA or other specialist should be consulted for specific needs.

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MARGARET C. TAYLOR REALTOR 301 481 8407 

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Disclaimer for Short Sales and loan modifications IMPORTANT NOTICE  Your lender may not agree to change your loan and/or agree to a Short Sale.  If you stop paying your mortgage you could lose your home and damage your credit.  Seek legal and financial counsel.

 
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2 Comments on SHOULD YOU BUY A HOUSE BEFORE OR AFTER RETIREMENT?

MAY
29
495,787 Points 13 Featured Posts Outside Blog Called Shot Master

Hi Margaret, great post.  Something I never considered before even though I am of retirement age.
2:34am • #1
254,687 Points 1 Featured Post Outside Blog Attended Rain Camp Called Shot Master

I read about this and thought it was worht sharing.  When we have always paid our debts and had an income we assume we can get a loan.  Also noticed a similar difficulty making the primary residence a rental and getting a loan for a new primary residence.  Margaret C.
3:25am • #2

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