Getting a Mortgage in Retirement: What Does It Involve?

A retirement mortgage caters to seniors who are no longer earning a regular salary. It allows them to access home equity or finance a home purchase with repayment terms that are tailored to their retirement income. Lenders will assess these mortgages based on the borrower’s retirement income, credit history and the value of their assets, […] The post Getting a Mortgage in Retirement: What Does It Involve? appeared first on SmartReads by SmartAsset.