Seniors may consider taking out a loan for various reasons, such as to pay for home repairs, cover medical expenses, or make a large purchase. Here are a few things to consider when looking for a loan as a senior:
Considering these factors, seniors can make informed decisions when choosing a loan. However, it is always a good idea to consult a financial advisor or professional before making a final decision.
If you are considering taking out a personal loan, then you should consider taking out a short-term loan. A short-term personal loan can offer various benefits, from quick access to funds to improved credit scores. In this blog post, we will discuss five key reasons why taking out a short-term personal loan can be beneficial. … Read more
One standout benefit of serving in the military, National Guard, or Reserves is your qualification to apply for a VA mortgage. Administered through a broad range of lending institutions, VA loans are guaranteed by the federal government. That’s why they usually feature lower interest rates and more flexible qualification standards. Many service members buy their … Read more
Quick Facts All of the costs rolled into the loan No down-payment required Buy an existing home or build a new home Income limits exist Who can apply for USDA Loans?? If you have a household income that does not exceed 115% of the AMI (area median income); you can check the income limits in your … Read more
Two Kinds of Mortgage Points There are two main types of mortgage points. In this Senior Affair article, we answer what mortgage points are and how it works. Before we get into it, let’s remove the concern about origination points from the conversation; they aren’t the object of this discussion. Origination points are the fees … Read more
How Do You Qualify for A VA Loan? Currently, there are over 20 million veterans taking advantage of these no money down payment loans since 1944 when there were originally established. VA loans may be the most unique and attractive loan on the market today. With 22 Million people qualifying for the VA loan benefit, … Read more
One of the most controversial mortgages available is the reverse mortgage. There has always been a double-sided debate about these loans among the senior homeowner population. This Senior Affair article will uncover the truth about reverse mortgages so you can make the best decision. Understanding Reverse Mortgages On the one hand, the senior homeowner has … Read more
