Yes, I Would Lend to a Qualified Elderly Couple

By
Mortgage and Lending with Credit Werx, LLC.

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.Equal Housing Plaque

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 place that protect investors in the event of an untimely death.

It really got me to thinking about the subject. You see the image to the right? That plaque is hanging on our wall in the office. It's a reminder that we should not be discrimating for any reason at all. So long as a person is qualified for a mortgage there is nothing else to consider. Sex, race, age, familial status are all irrelevant to the lending process.

The only thing that matter's is that they are qualified for the loan and they cannot be denied on any grounds other than if they are not qualified for the loan.

So I wanted to write this short post as my way of saying, yes, I would approved a qualified 85 year old couple for a mortgage.

 

Posted by

Christopher Ohlsen

37 Boynton Ave

(845) 243-5293 (Office)

(518) 565-0799 (Cell)

www.plattsburghmortgage.net

chris.ohlsen@guaranteedrate.com

 

 

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Lending / Financial
Location:
New York Clinton County Plattsburgh
Groups:
Addicted to Active Rain
All About Mortgages/Mortgage Networking
Bananatude
Clinton County Real Estate
It's all about them (ThemThem)
Tags:
mortgage for seniors
plattsburgh mortgage
equal housing lender

Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
81,535

Christopher Ohlsen

Have Questions?
*
*
*
*