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Lenders also accept Social Security benefits, 401 (k) distributions, pensions, investments and other liquid assets as sources of steady, predictable income. “You will also need good credit, a ...
Owning a home takes work, and it’ll only get harder with age. So, rather than stressing over property landscaping, broken furnaces or a leaky roof, it may be a more worthwhile investment to kick ...
If you’re still working — and many seniors are, according to the recent Bankrate Retirement Savings Survey — that includes paystubs, W-2s and tax returns. If you’re retired, it might include:
7 mortgage options for seniors. There are plenty of home loan options available to retirees or seniors — mostly the same as for anyone, with one exception. Here are seven to consider ...
This can be much cheaper than moving to a retirement home. Living in an independent living community can cost from $1,500 to $4,000 a month, and seniors residing in assisted living facilities have ...
Housing prices have fallen from last year’s all-time high, but the current median of $431,000 is still out of reach for many. On top of that, the highest mortgage rates in more than two decades ...
Downsize and Sell. Another option is to sell your existing home, particularly if you have a good amount of equity, and downsize to an affordable property to tap that equity, Cabrera explained ...
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