Think you can’t buy a house if you are an older adult, or self-employed?

Think you can’t buy a house if you are an older adult, or self-employed? It might be possible. ‘There is a misconception that older adults cannot obtain a mortgage.’ How I bought my first house in my 60s I wanted to buy a house of my own. After several years filled with changes in location,…

Mortgage-free home ownership becomes a popular retirement goal Alongside travel and leisure, a recent study by Voya Financial identified home ownership as one of the most important goals that people wish to achieve by the time of their retirement, reported HousingWire. In fact, 80 percent said they wish to eventually own their home with no…

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**The owner(s) retain title to the property that is the subject of the reverse mortgage until the person sells or transfers the property and is therefore responsible for paying property taxes, insurance, maintenance and related taxes. Failing to pay these amounts or failure to maintain the condition of your property may cause the reverse mortgage to become due immediately. A reverse mortgage is a complex loan secured by your home. Whether such mortgage makes sense for you depends on your financial situation and needs. For these reasons, you are required to consult with a qualified independent housing counselor and include family members and other trusted advisers before making this decision. This information is not from HUD or FHA and was not approved by HUD or any government agency.

Think you can’t buy a house if you are an older adult, or self-employed?

Posts Tagged ‘Mortgage-free homeownership’