Real estate is probably one of not too many industries that requires customer involvement for 20 or even 30 years. It is not rare that citizens at the age of 70 and older get a 30 year mortgage. Yes, very likely that by that age they have a credit score with a good and long history. Regardless of your age you always have a chance to get a loan for a house (because, let’s be honest, only few people could afford getting a house without a loan, but even they wouldn’t do that in order to keep a good credit score).
Rumors and disinformation spread faster and further than anything else. That’s why there are so many myths and misconceptions about buying a house, getting a loan, prices, etc. If all of that was true there would have been thousands of houses without owners. Yet, I bet it won’t be that easy for you to find a house for sale in your area – it takes time. Continue reading