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Can I purchase a house after retirement? Will I be able to take out a mortgage loan?




You can take out a home loan and buy a house after retirement. But, before applying for the mortgage, first talk to a lender and enlighten yourself with the possible pros and cons.

Sub: #1 posted on Wed, 11/09/2016 - 02:30

Phil Bradford Phil Bradford

(Posts: 85 | Credits: 8.83)

Of course, you can opt for a home loan and buy your dream house after retirement. But, don't forget to consider how purchasing a new home will affect your cash flow after retirement.

By the way, what's your age right now? If you're in your 60's; you can depend on the 15-year low-interest mortgage. But, you must check out a monthly payment that won't disrupt your affordability to meet other retirement expenses.

Sub: #2 posted on Fri, 12/02/2016 - 00:39

tiarajoseph11 tiarajoseph11

(Posts: 116 | Credits: 23.97)

If you have a regular source of income and good loan affordability, then why not.

Sub: #3 posted on Fri, 12/09/2016 - 04:22

paulcahill80 paulcahill80

(Posts: 2359 | Credits: 258.2)

I guess it depends on your income post retirement. If you have a reasonable income even after retirement, you may be able to get a mortgage and buy a home. If not, it'll be difficult. As others said, I think you should talk to a mortgage broker to know about the options you have.

Sub: #4 posted on Tue, 01/24/2017 - 21:50

George Dobell George Dobell

(Posts: 2 | Credits: 0.35)

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