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Subject:  Re: Retirees & Mortgages Date:  8/10/2001  9:34 AM
Author:  arlr Number:  7248 of 20791

....Is it more difficult for a retiree to obtain a mortgage than an employed individual? Do lending institutions look less favorably on retirees? Assume the retiree has good credit and has the assets to back the requested mortgage. ...

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.
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