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

4 min

How Do Seniors Get a Mortgage? Navigating Lending Options in Retirement

According to the National Council on Aging, over 80% of adults aged 65 and older own their homes, but many still wonder: how do seniors get a mortgage? While the process has unique considerations for retirees, various lending options exist to help seniors achieve their homeownership goals, whether buying a new home or accessing equity.

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4 min

What type of mortgage is typically offered to seniors? Understanding your options

According to the National Reverse Mortgage Lenders Association, the Home Equity Conversion Mortgage (HECM) is the most common type of mortgage for seniors. This specialized loan allows homeowners to convert a portion of their home’s equity into cash, offering a unique financing option for those in their retirement years.

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