Can a senior get a home loan? Yes, seniors on Social Security can get a mortgage. Social Security Income (SSI) for retirement or long-term disability can typically be used to help qualify for a mortgage loan. That means you can likely buy a house or refinance based on Social Security be...
Is a home improvement loan for senior citizens right for me? Your circumstances determine whichhome improvement loan fundingoption will work best for you. Factor-in prices for the renovations and get multiple quotes to make sure you are competitively pricing what you need. Talk to a financial pr...
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...
Senior citizens and the burden of prescription drug outlays: what lessons for the Medicare prescription drug benefit? This article uses data from a cohort of elderly and retired persons over the 1996-2001 period in the US to (i) determine the extent to which changes in soc... P Kanavos,M...
Senior Citizens Continue to Bear Burden of Student LoansThe burden of paying for college is wreaking havoc on thefinances of an unexpected demographic:...Mui, Ylan Q
Apply for Federal Financial Aid First Before you consider private student loans, make the most of federal and free financial aid, including private scholarships. "Your first step in financing your education is to submit a Free Application for Federal Student Aid, commonly called a FAFSA," says...
The FHA has a variety of loan programs geared toward first-time home buyers, along with reverse mortgages for senior citizens, and has insured more than 34 million mortgages since inception. FHA loans are available for both purchases and refinances, includingcash out refinances. ...
How can Senior Citizens Apply for Payday Loans? As a senior citizen, you may struggle to make payments as you wait to collect Social Security. Don't wait and pay expensive overdue or overdrawn charges. Payday loans in Minnesota don't have a maximum age, so you can still take out payday...
Also, the Federal Housing Administration (FHA), which has been insuring financial aid to millions of Americans since the 1930s; is continuing to make good on its commitment to provide service for everyone from new home buyers to senior citizens. ...
Welcome to SeniorHomeLoans.com. This site aims to help seniors and their loved ones understand all the various options available to them for the many different situtations that may come up. Is There a Mortgage Designed for Senior Citizens?