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To: TexasFreeper2009

Can old folks even get a mortgage?


11 posted on 04/18/2024 12:38:48 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

If your credit rating is good, yes. It is against the law to discriminate based on age.


79 posted on 04/18/2024 1:36:36 PM PDT by hinckley buzzard ( Resist the narrative. )
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To: dfwgator

“Can old folks even get a mortgage?”

probably not ... little AGI and no debt, even if net-worth wealthy ...

new dwellings would probably have to be paid with cash from a previous sale ...

i bought my current house expecting to be carried out of it with my boots on ... single story, 4-on-12 roof, brick veneer, steel roof, etc.


101 posted on 04/18/2024 2:25:07 PM PDT by catnipman (A Vote For The Lesser Of Two Evils Still Counts As A Vote For Evil)
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To: dfwgator

Yes they can. For some strange reason, they will even give 70 year old people 30-year mortgages if their credit scores are good.


120 posted on 04/18/2024 4:58:10 PM PDT by SamAdams76 (6,575,474 Truth | 87,429,044 Twitter)
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To: dfwgator
Can old folks even get a mortgage?

When I was 64 and my wife was 59, we bought this place on a 30-year mortgage. It's unlikely that either of us will live until 2049. I don't care if we die before it's paid off. That'll be someone else's problem.

128 posted on 04/18/2024 8:31:42 PM PDT by HartleyMBaldwin
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