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Spinoff to 50-year mortgage - Mortgages when you are older

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MsG
Should be working

Member since 5/05

2824 total posts

Name:
G

Spinoff to 50-year mortgage - Mortgages when you are older

Do banks give 30 year mortgages to people in their 40's and 50's? Chat Icon

Posted 1/23/07 10:49 AM
 
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Lisa
I'm a PANK!!!

Member since 5/05

22334 total posts

Name:
Professional Aunts No Kids

Re: Spinoff to 50-year mortgage - Mortgages when you are older

I dont think your age has anything to do with getting a mortgage. its based on credit.

Posted 1/23/07 10:56 AM
 

eroxgirl
My Loves

Member since 5/05

15697 total posts

Name:
Rebecca

Re: Spinoff to 50-year mortgage - Mortgages when you are older

Yes they do. My ILs were in their 50s when they bought their home. As Lisa said, it's based on credit, not age.

Posted 1/23/07 10:58 AM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: Spinoff to 50-year mortgage - Mortgages when you are older

Nothing to do with age. The house is the collateral.

Most people these days don't keep their first house. And, some even pay off their 30 year mortgage sooner. 30 year mortgages can be a good way to lock in a rate for a long time.

Posted 1/23/07 10:58 AM
 

kerrycec03
Mom of 2 beautiful boys!!

Member since 6/06

13519 total posts

Name:
Kerry

Re: Spinoff to 50-year mortgage - Mortgages when you are older

ditto!

Posted 1/23/07 11:07 AM
 
 

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