2006-10-22 22:47:59 · 10 answers · asked by D D 1 in Business & Finance ➔ Personal Finance
yes
2006-10-22 22:55:02 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Are you suggesting that at a certain age, people shouldn't be able to get mortgages? Some people plan and save their whole lives and buy in retirement. At any age it is possible to have the income to pay off a mortgage. This is like saying that a 20 year old shouldn't have a mortgage since they have a high incidence of job changes and periods of unemployment generally.
If you're the one in this situation, quit focusing on your age and keep going with life. And let others do the same.
2006-10-22 23:28:20 · answer #2 · answered by Katie Short, Atheati Princess 6 · 0⤊ 0⤋
They can, but a lot of the time they wont.
Depends on if you can prove that you are able to pay the mortgage after retirement age
2006-10-22 22:57:18 · answer #3 · answered by OriginalBubble 6 · 0⤊ 0⤋
Yes they can. They might ask how you intend to pay for the mortgage past your retirement age, but apart from that the answer is yes.
2006-10-22 23:28:20 · answer #4 · answered by splandastic 3 · 0⤊ 0⤋
It can be extended for a period which is beyond the period of retirement. But, an ideal financier, would have worked out the amount of his income, after his retirment even.
2006-10-22 22:57:06 · answer #5 · answered by Anonymous · 0⤊ 0⤋
a lender can do what they like, they only have to consider the return on thier investement - if they lend on property they get back far more than they give when you die and gain the property they have lent cash on and you havent repaid or they get the interest on the loan if you live long enough to repay the debt - working or retired you have to repay the loan made
2006-10-22 23:08:02 · answer #6 · answered by Anonymous · 0⤊ 0⤋
you would possibly want to not have any difficulty, yet you'll likely be subject to larger expenditures of activity because of your score being below seven hundred. a number of it relies upon on what type of financial disaster (financial disaster 7 vs. financial disaster 13), how lengthy this is been because the financial disaster replaced into discharged, and so on. solid success.
2016-12-05 03:22:06 · answer #7 · answered by ? 4 · 0⤊ 0⤋
Yes. To do otherwise would be age discrimination which is probited under Federal Regulation B.
2006-10-23 01:19:15 · answer #8 · answered by Adios 5 · 0⤊ 0⤋
reverse mortgage - all the majors have these products
2006-10-23 00:41:18 · answer #9 · answered by J D 1 · 0⤊ 0⤋
lol That would not be very wise would it how could you pay it off if your not earning. therefor i don't think they can..
2006-10-22 22:57:35 · answer #10 · answered by Kevin O 2 · 0⤊ 1⤋