Homebuying in your 70s

REThink Real Estate

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Q: I’m 71. How hard will it be for me to get a mortgage?

A: There is absolutely nothing about your age that should interfere with your ability to obtain a mortgage. There can be some complications with income, but let’s get you up-to-speed on your rights and give you some thoughts on how to approach this lifestyle transformation.

Need-to-Knows

In fact, the federal Fair Housing Act of 1968 was implemented with the express intent to prevent discrimination — it protects your right to own, sell, purchase and finance a home without the fear of being discriminated against because of your age or source of income.