Can lenders issue mortgages extending past clients retirement date?

yesCan lenders issue mortgages extending past clients retirement date?
Are you suggesting that at a certain age, people shouldn't be able to get mortgages? Some people plan and save their whole lives and buy in retirement. At any age it is possible to have the income to pay off a mortgage. This is like saying that a 20 year old shouldn't have a mortgage since they have a high incidence of job changes and periods of unemployment generally.


If you're the one in this situation, quit focusing on your age and keep going with life. And let others do the same.Can lenders issue mortgages extending past clients retirement date?
They can, but a lot of the time they wont.


Depends on if you can prove that you are able to pay the mortgage after retirement age
Yes they can. They might ask how you intend to pay for the mortgage past your retirement age, but apart from that the answer is yes.
Yes. To do otherwise would be age discrimination which is probited under Federal Regulation B.
reverse mortgage - all the majors have these products
a lender can do what they like, they only have to consider the return on thier investement - if they lend on property they get back far more than they give when you die and gain the property they have lent cash on and you havent repaid or they get the interest on the loan if you live long enough to repay the debt - working or retired you have to repay the loan made
lol That would not be very wise would it how could you pay it off if your not earning. therefor i don't think they can..
It can be extended for a period which is beyond the period of retirement. But, an ideal financier, would have worked out the amount of his income, after his retirment even.