pensioners can get loan too from mortgages

[Kelly5]

A pensioner that is entitled to collecting his or her pensions on a monthly basis is also entitled and qualified to get loan form the mortgage. They will be deducting from his pensions

 

[Hena101]

If that's the case then i think it good to collect the loan from mortgage, i don't know this before so it is a good information even though i don't like collecting loans but it will still benefit others that are interested. But don't collect loan if you don't have any business or investment plan.

 

[Richard92]

Thank you for bring this to our notice. It is a good one to know that pensioners can also obtain loan from mortgage. The conditions might just be the disadvantage.

Thank you for bring this to our notice. It is a good one to know that pensioners can also obtain loan from mortgage. The conditions might just be the disadvantage.

Thank you for bring this to our notice. It is a good one to know that pensioners can also obtain loan from mortgage. The conditions might just be the disadvantage.

Mention you receive money mortgage loan through because they receive money month-end so with this they can be able to pay for the mortgage installmentally.

 

[Bousine123]

Dont think it applies to every country and every bank. Some banks will never give out loans to people who recieved only pension as income.

 

[Heatman]

It's actually very easy for anyone who is on the pension by a company or government to get mortgage because he or she already has a plan to pay back the mortgage when it's due.

 

[Nurudeen]

Loan or mortgage are not exempted from anybody. So far you can pay back the loan and you have a source to get to pay back the loan, they will definitely give it to you

 

[Solutionav]

Although some lenders set their own maximum age limits, there is no maximum age for applying for a mortgage – so yes, mortgages for pensioners do exist. The golden rule is simply the same as for any mortgage: you need to prove you can repay the loan, one way or another.

Pensioners getting a loan is not really advisable to me, because it would have being better for you to start up business before you retire, but since mortgage don't have age restriction when applying for a loan is ok

 

[Kunkun]

Well this is definitely a good development because there are lots of pensioners out there and to be able to take loans from mortgages would definitely be a welcome development too

 

[Heatman]

It's not every job that you are pushing to get paid pension at the end of your work which makes it a very decent work that will be able to offer you the privileges to get a loan from any financial institution because they know that you will be able to pay it and then when it's required.

 

[Richard92]

Thank you for bring this to our notice. It is a good one to know that pensioners can also obtain loan from mortgage. The conditions might just be the disadvantage.

Yes actually patient can get the loan for mortgage because they also receive their pension monthly like how salary and has to do so with that they can be able to pay for mortgage.

 

[Filicit]

A mortgage bank exists to provide affordable housing to the public at a lower interest rate and since pensioners make money then they should be eligible for a mortgage loan

 

[Heatman]

As long as your pension yeah it's very possible for you to get a loan because they have a track record of how your pension is going to be paid in order for you to use it to pay back the loan that you were given.

 

[Peskyblaise]

Yeah as long as you are receiving a monthly payment you can access a mortgage loan to solve your immediate need

 

[Kelly5]

I believe it is something that can be possible for the pensioner. Because they are also collecting something into their accounts at every months end like any other worker still under employment. That shouldn't be a problem at all

 

[Bright7777]

As far as the pensioners meet the requirement to get the loan, I don't see any reason why the mortgage companies should not give them loans when the apply.

 

[Ub40]

Wow! Just coming across this vital information for the first time here. If actually this kind of opportunity exit for pensioners then it is a good concept because some pensioners in some countries suffer lack of or even non payment of their pensions after they have laboured for their country for so many years. Pathetic!

 

[Seno inyang]

A pensioner can collect loans from mortgage banks because they are not restricted in any form not to, as long as they can repay the loan.

 

[Heatman]

A pensioner can collect loans from mortgage banks because they are not restricted in any form not to, as long as they can repay the loan.

For the fact that their pension years makes it something that is very easy for them to get mortgages from bank because the bank already have some paperwork prepared already that they can use.

 

[Mayox25]

Lenders will find it difficult to give mortgage facilities to pensioners because mortgage span over a long period of time.So if someone retires at the age of 60 and is just applying for a mortgage that will span 25 to 30 years then no lender will want to do that because of the risk of death.

 

[Heatman]

A pensioner can collect loans from mortgage banks because they are not restricted in any form not to, as long as they can repay the loan.

One of the requirements that those financial institutions are always going to be after before giving them those mortgages would be a big collateral that will cover for the cost of the mortgage if they fail to pay.