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Articles related to focusing on healthy aging, prevention, mobility, cognition, nutrition, independence, and caregiving support.

5 min

Can I get a mortgage if I am 70? The answer and your financing options

According to a 2023 study by the Federal Reserve Bank of Philadelphia, mortgage rejection rates tend to increase with age, with a noticeable acceleration starting around 70. However, the Equal Credit Opportunity Act (ECOA) makes it illegal for lenders to use age as a basis for denying a loan, meaning you absolutely can get a mortgage if you are 70 years old, provided you meet the financial criteria. Success hinges on demonstrating a reliable and stable income stream, a good credit score, and a manageable debt-to-income (DTI) ratio.

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2 min

What is the maximum age for a lifetime mortgage?

Over 99% of equity release plans recommended are lifetime mortgages, making them a popular way for homeowners to access the value in their property. A common misconception, however, is that there is a strict maximum age for a lifetime mortgage, when in fact, many lenders do not have an upper age limit at all.

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