Message Font: Serif | Sans-Serif
No. of Recommendations: 0
Mark wrote, "I've never tried to buy a house without a job before and I've no idea what the criteria is for a retiree."

We've financed and refinanced houses since retiring. I think the lending institutions are concerned about apparent ability to repay the loan. If, as a retiree, you have adequate and reasonably stable income, especially if some of that income is from social security and/or a pension, you might be viewed by a lending institution as a safer bet than an applicant that relies on employment that could be terminated.

Print the post  


When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.