I frequently hear stories of upcoming retirees who, planning to move after retirement, locate a new home and take out the mortgage before retirement – because they think once they are retired they won’t be able to get a mortgage.
You don’t have to do it this way. You can get a mortgage once you are retired.
To find out the specific requirements, I interviewed Patrick Gavin, Branch Manager & VP of Mortgage Lending at Guaranteed Rate, the 8th largest privately held mortgage bank in the U.S Rate.
By Dana Anspach
Money Over 55 Expert