equal housing lender: Yes, I Would Lend to a Qualified Elderly Couple - 07/03/14 01:09 AM
I know that this is Obvious but it bears repeating. A couple of days ago I read a post that asked if you can give a 30 year mortgage to an 85 year old couple. The post was popular here on Active Rain and there were quite a few responses that pointed out the obvious.
Obvious to anyone who has been in this business for any period of time anyway. The fact is that most people move every 5 - 7 years. Very few people stay in a 30 year mortgage for 30 years. And there are Fail-Safe's in place in … (0 comments)