Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Is there an age limit to obtain a mortgage?

April 26, 2017age limit mortgage obtain

0

Posted

Is there an age limit to obtain a mortgage?

1 Answer

0

Posted

You must be between 18 and 65 years old at time you apply for the mortgage. Ideally your mortgage must end before your 75th birthday as the obligatory life insurance becomes very expensive after this date. It is possible to obtain a mortgage without life insurance if you are willing to let the bank manage a sufficient amount of investments for you (stocks, bonds, funds) and sign over those investments to the bank to pay off your mortgage if needed in the event of your death.