Thursday, July 2, 2020

Can You Be Too Old To Get A Mortgage?...

Mortgage Broker AdvisorGood Morning!

The other day I had a borrower ask me if they could apply for a 30 year mortgage even though they were 78 years old.

I can see why they asked this question. …The odds are they may not be around for another 30 years.

Just so you know… It’s against the law for mortgage companies to discriminate against a mortgage applicant for being older.

Even if you were 90 years old you could still apply for a 30 year mortgage.

That’s it for today!

Have a good day! …and thanks for reading.

Brett

Good Morning!
The other day I had a borrower ask me if they could apply for a 30 year mortgage even though they were 78 years old.
I can see why they asked this question. …The odds are they may not be around for another 30 years.
Just so you know… It’s against the law for mortgage companies to discriminate against a mortgage applicant for being older.
Even if you were 90 years old you could still apply for a 30 year mortgage.
That’s it for today!
Have a good day! …and thanks for reading.
Brett

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