BEST ANSWER
Milton Knight, REALTOR,
Broker, Miami, FL
Lenders cannot use your age as a factor . You could be 100 years old and if you qualify like everyone else...they would still have to give you a 30 year loan.
F. Shuly Pfeffer,
Agent, 33160
Good afternoon .
Indeed you can be pre qualify for a loan, I checked with my mortgage adviser, it is descrimination , if somebody , says " No" , they need your credit and accordenly to your income, the will pre qualify.
For any assistance. Please feel free to contact me at 954 558 0910 or email to pfeffer21@gmail.com . By the way I sell a lot of properties in seniour communities.
Glad to help you. Good luck
Shuly Pfeffer
Indeed you can be pre qualify for a loan, I checked with my mortgage adviser, it is descrimination , if somebody , says " No" , they need your credit and accordenly to your income, the will pre qualify.
For any assistance. Please feel free to contact me at 954 558 0910 or email to pfeffer21@gmail.com . By the way I sell a lot of properties in seniour communities.
Glad to help you. Good luck
Shuly Pfeffer
Mott Kornicki,
Broker, Miami Beach, FL
G-
I like the idea of a "reverse mortgage" - Talk to your bank or mortgage lender. With a substantial down-payment, I can't see why a lender would object to approving such a loan.
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I like the idea of a "reverse mortgage" - Talk to your bank or mortgage lender. With a substantial down-payment, I can't see why a lender would object to approving such a loan.
※ WATERWAY REALTY, REALTORS® ※
✤ Join Us on #EAv @EmpireAvenue ♦ http://bit.ly/x1XRgj ♦
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Alain Picard,
Agent, Tacoma, WA
Banks can't take age into consideration when qualifying you for a loan.
Cynthia Da Silva,
Agent, Miami, FL
For sure! if you meet the lending criteria, they cannot discriminate for age. I think this is better than a reverse mortgage because of the fees involved, and also that you can will the property to whomever you choose- they will need to refinance or pay off, but at least it is your heirs' option and not automatically reverting to the lender.
Cynthia Da Silva,
Agent, Miami, FL
For sure! if you meet the lending criteria, they cannot discriminate for age. I think this is better than a reverse mortgage because of the fees involved, and also that you can will the property to whomever you choose- they will need to refinance or pay off, but at least it is your heirs' option and not automatically reverting to the lender.
Antonio Vega-Pacheco,
Agent, 34747
G:
This link will show you a very informative site from the Federal Trade Commission; read under "lender's do's and dont's".....
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea08.shtm
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Tony Vega
Charles Rutenberg Realty
This link will show you a very informative site from the Federal Trade Commission; read under "lender's do's and dont's".....
http://www.ftc.gov/bcp/edu/pubs/consumer/homes/rea08.shtm
Was this answer helpful? If so please click on the "thumbs up" below.
Tony Vega
Charles Rutenberg Realty
The Ribenboim Team,
Agent, 33146
They will, but you might also look into purchasing using a reverse mortgage.
Bill Eckler-Florida, 941-408-5363,
Agent, Sarasota County, FL
G....
As others have said, as long as you meet all of the qualifications and your credit score is in the acceptable range, lenders cannot disqualify you from receiving a loan based on an individual's age.
Good luck,
Bill
As others have said, as long as you meet all of the qualifications and your credit score is in the acceptable range, lenders cannot disqualify you from receiving a loan based on an individual's age.
Good luck,
Bill
Dan Tabit,
Broker, Sammamish, WA
G.pimin25,
Age is not a factor. If you have the credit, income and assets, you can probably qualify. Talk to a local lender and see what happens.
Age is not a factor. If you have the credit, income and assets, you can probably qualify. Talk to a local lender and see what happens.
