Mortgage Financing as we Age

The world of mortgages is often confusing, as there are so many options, so many lenders and so many lending guidelines you must follow. And, that is just for conventional mortgage lending. So, it is not surprising that many people do not fully understand the mortgage financing options available to them as they age.

Generally, most people see their assets increase along with their income as they grow older. But then something happens. Retirement hits and what was once a given as far as successfully qualifying for a mortgage is no longer a sure bet. There may not be the income to qualify for what you are looking for. Or, perhaps for whatever circumstance, your credit has dropped. Navigating your options at this point requires a little further research and insight. And, that is where I hope to help. As a former lawyer, who left the practice of law to raise three wonderful children, who then returned to a new career of a mortgage brokering, I have spent the last decade specializing in mortgages for Canadian seniors.

Throughout this journey of writing about mortgage lending for seniors, I hope to share insights about the industry in general that will be beneficial to a wider audience. Commentary about such topics as your credit scores, mortgage qualification changes and the housing industry in general are things that I hope everyone of all ages can benefit from.

If at any time you have any questions about mortgage lending in Canada, please feel free to contact me at joanne@mortgagesforseniors.ca or 1-855-770-3225. I look forward to hearing from you.

Joanne Thomas

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