If you’re a senior who relies on Social Security as your primary source of income, the thought of securing a home loan can be daunting. However, there are home loans for seniors on Social Security specifically designed to meet your unique financial needs. This is particularly relevant for ...
Home equity loans and HELOCs usually come with repayment periods of anywhere from five to 30 years. Bankrate tip If you are unsure if you will continue to live in your home past retirement, we recommend a home improvement loan. Is a home improvement loan for senior citizens right for me...
No matter the reason, senior citizens are more than able to qualify for a mortgage. According to the Federal Trade Commission (FTC), elderly people are protected against discrimination from getting a home loan or any kind of credit based on their age. It’s called the Equal Credit Opportunity...
Many banks offer special accounts for senior citizens, teens, and children with reasonable APY rates, no minimum balances, and no fees. There are also Christmas/holiday accounts, vacations accounts, military accounts, and health benefits accounts to look into. ...
Life insurance agents focus on life insurance policies, while health and long-term care insurance agents specialize in policies covering costs associated with assisted living services and medical care for senior citizens. Property and casualty insurance agents sell policies that can cover damage to a ...
Paying off student loans Using credit cards responsibly Building savings withhigh-interest bank accounts Automating financesand lazy investing Covering big expenses like acar,first home, orwedding Negotiating for a raise at work Always getting the most for your money ...
Pros & Cons of Private Student Loans Private Student Loan Interest Rate Trends Choosing the Best Private Student Loan How to Get a Private Loan Alternatives to Private Student Loans FAQs Methodology Apply for Federal Financial Aid First Before you consider private student loans, make the most of ...
If you like the idea of applying once for private student loans and not having to again, you might want to check outCitizens Bank. This lender provides multi-year approval for between four and six years to eligible borrowers. If you qualify, you’ll be approved for all the money you need...
Many banks offer discounted chequing account fees for senior citizens aged 60 to 65 years old. That might mean getting access to chequing accounts for a $0 monthly fee or premium accounts for several dollars less a month. Dive deeper: Guide to the best bank for seniors discounts in Canada Jo...
Christopher (Croix) Boston was the Head of Loans content at MoneyGeek, with over five years of experience researching higher education, mortgage and personal loans. Boston has a bachelor's degree from the Seattle Pacific University. They pride themselves in using their skills and experience to cre...