How do you calculate home affordability for retirees and seniors?
Manage episode 430654640 series 3012587
Bill Litton and Cross Country Mortgage work with seniors quite a bit through the homebuying process. And the question that comes up quite a bit is, how do you calculate that home affordability? Is it different when you're working with seniors versus when you're working with a younger buyer?
Today we're going to explore the unique challenges and strategies involved in securing a mortgage for seniors and retirees, and we’ll tell you what you need to know if you’re in the market to buy.
Here’s what we discuss in this episode:
0:00 – Intro
1:46 – What we look at first
3:08 – Assets vs Income
6:12 – Purchase before you retire
CONTACT:
Schedule a time to meet with Bill here: https://calendly.com/blitton/
Visit the Smart Mortgage Show website for more podcasts, videos and mortgage info: https://smartmortgageshow.com/
Call: 484-352-4151.
Check us out on YouTube: https://bit.ly/3KbUxAF
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