Thursday, May 11, 2023

How much income do you need to qualify for a mortgage in retirement?

How much income do you need to qualify for a mortgage in retirement?

Article Excerpt: "...Can you get a mortgage if you’re retired, even though you no longer receive a regular paycheck? The good news: Yes, you can. Though, qualifying for a mortgage with retirement income comes with specific requirements. Similar to getting a mortgage before retirement, you’ll need to have reliable income now and the foreseeable future that shows you can repay the mortgage, you must have good credit, and have little debt. ..."



Resource: mymortgageinsider.com