Mortgage loan even after retirement
Until what age can you borrow for a mortgage loan? Is this also possible after retirement? Is something wrong with that? And what is the maximum duration of your new home loan? You will find the answer to these questions below.
Why a mortgage loan after retirement?
There are several reasons for this:
- You can refinance a home loan at a lower rate.
- You have a small pension and want to optimize your monthly budget by revising and rescheduling your current home loan and other loans.
- You can borrow to perform work on your home.
- You live too large and want to live smaller.
- You want to generate extra income and buy an investment property.
All well-founded reasons for still taking out a mortgage loan after retirement.
How does Lite lender view your pension?
Even though you are on retirement, you remain a full borrower for Lite lender.
Whatever the size of your pension, you follow the normal rules that we use to determine your repayment capacity. In other words, you are a normal person. And your pension must be large enough to repay your new mortgage loan.
Until what age can you borrow for a mortgage loan?
Lite lender applies a rule that you may be within 75 years when you make your final payment for your mortgage loan.
With this you notice a big difference with other lenders who use ages up to 60, 65 or 70 years.
These extra years often mean the difference. You can still realize your project or dream.
Is a pension a full income to repay your mortgage loan?
A pension is an income like any other income. Lite lender will take into account 100% of your income.
As usual in another credit application for a mortgage loan, we sometimes request a tax assessment notice. We do this to make sure there are no fluctuations in your income. We want to deal responsibly with the granting of a home loan.
Do you have a question about your mortgage loan?
Do you have a question about your mortgage loan? Do not hesitate to complete this form. We will then put you in touch with a mortgage broker to evaluate your situation and see what your options are.