LaurenLuna
Dryer sheet wannabe
Good evening all.
I'm retiring approximately one year from now.
I live in a high cost of living area. I sold my home a few years ago in preparation for retirement. I currently rent an apartment and plan to leave this area at the end of 2018.
I am planning to live much of the year in retirement in a northern US state and to spend the winter months traveling.
There are some college towns that interest me for a permanent summer home location. I had been planning to rent there first while scouting out the local real estate, but recently I've read comments that it's much, much easier to get a mortgage before retirement, than after.
I can pay cash for a home, but was hoping to take advantage of lower interest rates and keeping maximum liquidity.
Does anyone have any experience with this? Did any of you have trouble getting a mortgage after retirement? Did you accelerate your plans to purchase for this reason? Thanks
I'm retiring approximately one year from now.
I live in a high cost of living area. I sold my home a few years ago in preparation for retirement. I currently rent an apartment and plan to leave this area at the end of 2018.
I am planning to live much of the year in retirement in a northern US state and to spend the winter months traveling.
There are some college towns that interest me for a permanent summer home location. I had been planning to rent there first while scouting out the local real estate, but recently I've read comments that it's much, much easier to get a mortgage before retirement, than after.
I can pay cash for a home, but was hoping to take advantage of lower interest rates and keeping maximum liquidity.
Does anyone have any experience with this? Did any of you have trouble getting a mortgage after retirement? Did you accelerate your plans to purchase for this reason? Thanks