Installing your earnings to be eligible for a home loan immediately following retirement
Most of the official certification will be the same, plus a good credit score, a reliable earnings and you may a minimal obligations-to-income ratio
- Pros: You get to stay static in our home you recognize and like
- Cons: Retrofitting and you may expanding maintenance costs throughout the years
step 3. Renting a retirement household
Specific the elderly may find it helps make so much more feel due to their life and you will money to rent a pension domestic or flat.