2006-10-22 22:41:55 · 4 answers · asked by D D 1 in Business & Finance ➔ Personal Finance
Sure they can. Lending is not just based upon current income. If the borrower has money in the bank then the lender just has to believe that payments will keep coming in.
Also, many working people have pensions or 401Ks. The lender has to trust that the payments will continue from that revenue source.
The other factor is that not everyone retires at 65. Lenders may believe that is the age a borrower will most likely retire, but that may not happen.
Take care,
Troy
2006-10-22 22:53:16 · answer #1 · answered by tiuliucci 6 · 0⤊ 0⤋
Depends on the lender..but there's no law to say they cant!
2006-10-23 05:48:50 · answer #2 · answered by porrence 2 · 0⤊ 0⤋
I think that you will find that they do these days.....
2006-10-23 05:49:30 · answer #3 · answered by luvaduck 3 · 0⤊ 0⤋
Sure.
Why not?
2006-10-23 13:54:09 · answer #4 · answered by derek 4 · 0⤊ 0⤋