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Updated almost 2 years ago on . Most recent reply

Can you get a mortgage in retirement?
Hi BP!
A friend in retirement in their 70s is considering selling their house in Houston, TX to upgrade to a home perhaps 80% higher price point than their current property. Their funding would be: A regularly received financial gift from a nonprofit at which they volunteer + cash from the sale of current home + savings. What would you recommend are their best financing options?
Thanks!