2007-01-03 14:12:10 · 9 answers · asked by The Cleaner 2 in Business & Finance ➔ Renting & Real Estate
Amazingly age is not an issue. A 90 year old can get a 30 year mortgage. Income, home value and credit rating are important issues along with cash on hand. Go for it!
2007-01-03 14:17:44 · answer #1 · answered by Rosie 2 · 0⤊ 0⤋
No, there are many options available including stated income, reverse mortgages, 40 year mortgages, home equity loans, etc.
2007-01-03 14:56:38 · answer #2 · answered by Anonymous · 0⤊ 0⤋
No, it all comes down to debt to income ratio, and wether you can afford the payments. It is easier to get a home loan then a credit card or personal loan because if the applicant passes away, the house is there for resale.
2007-01-03 14:17:40 · answer #3 · answered by bosco_industries 2 · 0⤊ 0⤋
Not sure...my mom got one when she was 60...I think as long as you're credit worthy and have a steady income, you can get a mortgage.
2007-01-03 14:14:29 · answer #4 · answered by Moxie Crimefighter 6 · 0⤊ 0⤋
yeah, at 60 its time for a reverse mortgage
2007-01-03 14:14:11 · answer #5 · answered by kurticus1024 7 · 0⤊ 0⤋
there's no age shrink besides the reality that maximum lenders would be hesitant simply by his age and could no longer supply him a protracted term say if he's 86 maximum words are 30 years. even regardless of the undeniable fact that he qualifies simply by credit the lending agencies wont look at that simply by his age.
2016-10-29 22:52:06 · answer #6 · answered by ? 4 · 0⤊ 0⤋
What ever the age of your state is for signing a contract.
2007-01-03 14:13:58 · answer #7 · answered by timberland1952 3 · 0⤊ 0⤋
no
but, you have to have a source of income
(base employment income, social security, disability, retirement/pension)
2007-01-03 15:47:48 · answer #8 · answered by Anonymous · 0⤊ 0⤋
No. That would be discrimination.
2007-01-03 14:14:02 · answer #9 · answered by Andy 3 · 1⤊ 0⤋