The Motley Fool Discussion Boards

Previous Page

Retirement Discussions / Retired Fools


Subject:  Re: Retirees & Mortgages Date:  8/10/2001  10:21 AM
Author:  TMFPixy Number:  7249 of 20060

I have been retired for over 15 years, and obtained a 90% 30 year mortgage at competitive rates.
I don't think the fact that your retired is cause for rejection, if you have the income to qualify.

In fact, I recall reading more than one set of statistics that show retirees are less rather than more likely to default on a mortgage than are younger debtors. Accordingly, they are considered a better risk for mortgage debt.

Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us