Do Banks Care About the Age of the Person Asking for a Mortgage Loan, Even if He Has a Good Job & Credit?
Can someone who’s 67 qualify for a 30 year loan. He has a good paying job, excellent credit, but not enough money saved to pay for the house in cash. Do banks consider age when determining whether to approve a mortgage?
If he’ll be denied, will adding a son, who’s still in college and has no income yet on the mortgage application help the 67 year old dad get the loan he wants?