age factor in 15 year vs 30 year loan?
I'm 54. Will lenders consider age a factor in approving a thirty year loan, as opposed to a fifteen?thanks by thomas4you from Belmar, New Jersey. Jul 7th 2011
Steve Sexton (steve@1800valoans.com)
#36 ranked lender in Washington - 23 contributions
Age can be given no consideration on loan approval.
MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions
hi there: age cannot be discriminated.. As long as you meet the guidelines regarding loan to value, income and debt ratio, a lender will extend credit/financing to you. (Mike www.stconvininc.com NMLS # 754875)
John Schweer (johnschweer)
#9 ranked lender in Missouri - 163 contributions
No they will not legally they can not............. John SchweerMortgage Banker since 1998The Federal Savings Bank7900 College Blvd Overland Park Kansas 66210Toll-free 877-788-3520 Ext 6187 Direct 913-928-6187 Secure Fax 913-800-7876jschweer@TheFederalSavingsBank.com Remember expert mortgage advice only costs more if you don't get it.
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