How to Get a Mortgage Once You Are Retired

Retired couple looking at home blueprints after qualifying for a mortgage. - Ariel Skelley/Getty Images
Yes, you can get a mortgage once you are retired.  Ariel Skelley/Getty Images

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.

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By Dana Anspach
Money Over 55 Expert