retirement: Can I Get a Mortgage If I Am Retired?
- 09/08/19 08:45 AM
Can I Get a Mortgage If I Am Retired? I live in an aging county. So if you ever find yourself vacationing in the lovely city of San Francisco, give this little exercise a try: Simply get in your Uber. Or rent one of those death trap three-wheelers at Fisherman's Wharf. Or bundle up take it on the heel and toe and come across the iconic Golden Gate Bridge to magical Marin County. Now, did you feel yourself getting older in the process? Even if not, Marin County's residents, with their 46.1-year old median age, clean air, great schools and … (15 comments)
Does your job ever, from time to time, force you to provide the answer to what you feel is a simple and obvious question? Do you feel a twinge of embarrassment at your inability to contain slight laughter upon responding?
If you can relate to this situation, I want to confess that I have, on more than one occasion, spoken with a mortgage prospect who, shall we say, would be "of retirement age." This person will ask, "Am I too old to get a mortgage?" The logic, of course, is that if the likelihood the mortgage term would exceed … (2 comments)
Whether or not you believe that the United States presently has a "border crisis," I'm sure most of us take comfort in the fact that our country can rely on its reservists to step in where and when needed and lend additional support to our nation's active military. And it's not too much unlike this in the lending industry when a borrower seeks to obtain some kinds of mortgages --- especially jumbo loans, which have amounts that exceeds the conforming loan limits in any area.
The active military of any loan qualification, in our example above, would be the … (7 comments)
I live in an aging county. Simply drive north across the Golden Gate Bridge from San Francisco. Did you feel yourself getting older? Even if not, Marin County's residents, with their 46.1-year old median age, will welcome you to one of the most special places in the USA. I'm willing to bet it won't be too long before one of our residents will tell you that our median home price, at least at the end of 2017, is hovering right around $1,100,000. So what happens when a retired person wants to buy a home in a high-cost … (14 comments)
Can I Get a Mortgage If I Am Retired? I live in an aging county. So if you ever find yourself vacationing in the lovely city of San Francisco, give this little exercise a try: Simply get in your Uber. Or rent one of those death trap three-wheelers at Fisherman's Wharf. Or bundle up take it on the heel and toe and come across the iconic Golden Gate Bridge to magical Marin County. Now, did you feel yourself getting older in the process? Even if not, Marin County's residents, with their 46.1-year old median age, clean air, great schools and … (15 comments)
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