Latest News
Qualifying for a mortgage in retirement
If you are retired homeowner and want to relocate or downsize but still need to finance that purchase, you may be surprised to discover that qualifying for a mortgage is a bit different now. Retires can have a lot of money but show very little income and have difficulty qualifying for a mortgage but it’s not impossible. In Sarah O’Brien’s article appearing on www.cnbc.com, she writes with mortgage rates low and inventory in many markets tight, it may be necessary for retired homebuyers to do some strategizing and planning ahead to qualify for a mortgage in retirement. Read Ms. O’Brien’s article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.