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Mortgages for seniors: What to know before getting a home loan in retirement


Mortgages for seniors: What to know before getting a home loan in retirement
Bankrate
4/5/2021
© Justin Paget/Getty Images
A retiree at home
With mortgage rates still at historic lows, retirees and seniors can take advantage of the opportunity to downsize, buy a vacation home, or tap their home equity to boost cash reserves, pay off debt or remodel.
If you re considering getting a mortgage in retirement, though, it s important to carefully assess your financial situation, especially because your income might have changed. Here’s what you need to know about getting a home loan as a retiree or senior.
Can you get a mortgage as a senior? ....

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Ops, MLO, IT Jobs; MSR, Originator Ranking, Digital Tools; FHA's Bevy of News; Ginnie's eNote Pool


Ops, MLO, IT Jobs; MSR, Originator Ranking, Digital Tools; FHA s Bevy of News; Ginnie s eNote Pool
Jan 28 2021, 8:19AM
The stock price of American Airlines back to February 2020 levels. Investors seem to be “buying hope.” In Mortgage Land, though I am beginning to hear tales of pricing margins dropping slightly, if you’re a lender and it takes your back office two months to close a refinance, why make your pricing more aggressive? How does that help customer service? Prices and money are interesting constructs. I remember the thrill of finding a dime or quarter in a coin return when I was a kid. Hugh Hefner became a multimillionaire staying home in his pajamas. I am not seeing the same result. The older I get the more I appreciate alcohol that is on sale. But returning to taking two months to close a loan, I didn’t pull that out of… thin air. ICE Mortgage Technology s (formerly Ellie Mae s) records for the Origination Insight Report sh ....

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