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havetobethatguy t1_jea8jfh wrote

Reply to comment by Cruian in Is it normal to pay an extra 66% of a home loan back to your bank? by TenDogsInATrenchcoat

>“I once did a 30-year mortgage for a 97-year-old woman,” recalls Michael Becker, branch manager and loan originator at Sierra Pacific Mortgage in Lutherville, Maryland. “She was lucid, understood what she was doing and just wanted to help out a family member [by taking] some cash out of her home, and had the income to qualify and the equity in the home — she owned it free and clear — so she was approved.”

https://www.bankrate.com/mortgages/mortgages-for-seniors/#mortgage

as long as you can prove income, pass debt to loan ratios, etc age is not a factor that may be considered in America anyway

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Cruian t1_jea93ns wrote

I'm thinking more on the home buyer's end. Just thinking about still having a mortgage into 70s when only 3x years old (unless they make extra payments).

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havetobethatguy t1_jeadl0i wrote

I certainly hope I am not still making payments at that age, but I'm also not sure that its all that uncommon even now with 30 year mortgages and people refinancing or moving and starting over, etc

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