Tag: Retirement
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Older Adult Deed Holders at Work: We See You
Working past “retirement age” has gone mainstream. Twelve million people aged 65+ continue to work. Many hang onto their deeds. And this includes deeds to every kind of home. Baby boomers without children present now own more 3+ bedroom homes than millennial parents with children. In the past year, for the first time ever, the…
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The Future of Retirement: Mortgage Debt and Smaller Social Security Payments?
Social Security has been working for 91 years. Over these nine decades, the retirement experience has changed a lot. Today’s over-60 crowd is working longer and harder, for one thing. Largely gone are the days when housing expenses tapered off with age. Paid off your mortgage? Congrats! But insurance premiums along with taxes on a…
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I’m a Senior, Looking for a Mortgage. Will I Be Treated Fairly?
Great question. The first thing to know is that the Equal Credit Opportunity Act is on your side! Under this federal law, lenders may not consider an applicant’s age as a reason to approve or turn down your application. Simply stated, seniors can get mortgages if they demonstrate their ability to make the monthly mortgage…
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What’s Best in Retirement: Owning or Renting?
To transfer the deed or keep the deed? That is the question. And it tends to come up when retirement age approaches. This phase of life often involves downsizing — to lower the household tax, insurance, and maintenance costs. Paying off the home mortgage can net longtime owners enough to unlock some great options. Rent…
