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Updated about 6 years ago on . Most recent reply

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581
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William Coet
  • Lititz, PA
271
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581
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Will Banks Give a 30 Year Mortgage to a 70 Year Old?

William Coet
  • Lititz, PA
Posted

Will Banks Give a 30 Year Mortgage to a 70 Year Old to purchase a single family home they will occupy?

Most Popular Reply

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1,543
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1,100
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Kevin Romines
  • Lender
  • Winlock, WA
1,100
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1,543
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Kevin Romines
  • Lender
  • Winlock, WA
Replied

If Moses were still around and was 800 years old (his age around death) and could qualify for the loan, yes the lenders would still give him a 30 year mortgage. Its illegal to discriminate because of age or and any other protected class. However you must be of legal age (18 years old) to enter into a legally binding contract.

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