When a person retires, conventional wisdom tells us that since they no longer have an income, there’s no way they can pay back a loan – and thus, no bank would be willing to offer them a mortgage. But is that always the case when it comes to purchasing a home?
On this episode of Office Hours, Malcolm and Desiree sit down to discuss the process of applying for a new mortgage as a retiree and which types of income lenders prefer to see from this group.
Contact Desiree: [email protected]
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