Am I too old to get a 30 year mortgage?

Mortgage and Lending with CMG Home Loans NMLS 248937


I have lost count of the number of times I have been asked if a retired person could get a 30-year loan.

You are NEVER too old to get a mortgage. For a residential mortgage the only reason your age is on a mortgage application is to prove you are at least 18 and can legally sign the application.  Over the past 3 decades in this business a significant portion of my first-time buyers end up being seniors. Quite often it can be cheaper to purchase a home than it is to rent, even with a low down payment. This is especially true for our local retirement communities that often have low taxes along with affordable prices. The bonus to buying a home is often a more stable payment. While rent payments tend to keep up with inflation, your mortgage payment will be much more stable.

A fixed rate mortgage is also a fixed payment mortgage. The principal and interest payment will remain the same over the life of the loan – your total payment will include taxes and insurance. These will be the variable pieces of your payment but historically they do not move quickly. Not only do you build equity owning a home, you also have the potential of tax benefits while being more comfortable each year with minimal changes in your housing costs.

There are numerous ways to finance your next home and, in many cases, you can do so with little to no money down. Your age is never an issue. A mortgage can be part of your financial planning, allowing your savings to work for you in retirement and keep you comfortable for years to come.


Call me for all your residential lending needs!


Robert Rauf 
Mortgage Loan Originator NMLS# 248937 
or my blog: 
Office: (732)908-4868  Cell (732)740-0175

Since 1987 I have been helping my clients fulfill their dream of home ownership! HomeBridge Financial Services, Formerly REMN, HomeBridge Financial Services is located at 9 Grand Ave, Building 2 Suite A Toms River, NJ 08753. NMLS #6521. New Jersey Licensed Lender and Mortgage Banker #L041053. Visit for more information. NJ Mortgages, New Jersey Mortgages, Mortgages in NJ, mortgage in New Jersey, Mortgages in New Jersey, Toms River NJ 08753, Toms River NJ 08755, Brick NJ 08723, Brick NJ 08724 Mortgage in Ocean County NJ, Mortgage in Monmouth County NJ, Jackson NJ 08527, Howell NJ 07731, Lacey 08731 08734, Beachwood 08722 Bayville 08721, 

Comments (3)

Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Good one Robert.  I hear that so many time espically if they want to move into a 55 and older area.  Can I reblog this some time?


Feb 25, 2020 12:08 PM
Robert Rauf
CMG Home Loans - Toms River, NJ

Will Hamm Thanks for taking the time to read this!  Sure, feel free to reblog it. Hopefully it is useful for your clients as well.

Feb 25, 2020 12:25 PM
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Robert - I know I have heard this question over the years and I am certain it is one asked of mortgage professionals like yourself more often.  Good explanation.  

Feb 26, 2020 04:18 AM