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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
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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? 
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Posted 1/23/07 10:49 AM  |
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Prudential Douglas Elliman Real Estate
Long Island's Largest Bridal Resource | Long Island Weddings |
Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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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.
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| Posted 1/23/07 10:56 AM |
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eroxgirl
My Loves
Member since 5/05 15697 total posts
Name:
Rebecca
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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.
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| Posted 1/23/07 10:58 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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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.
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| Posted 1/23/07 10:58 AM |
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kerrycec03
Mom of 2 beautiful boys!!
Member since 6/06 13519 total posts
Name:
Kerry
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Re: Spinoff to 50-year mortgage - Mortgages when you are older
ditto!
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| Posted 1/23/07 11:07 AM |
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