Am I too old to qualify for a first-time buyer's home mortgage?
Monday, May 3rd, 2010 at
12:11 am
I’m almost 47 years old, a single mom, and looking to purchase my first house. I’m wondering whether I’ll be able to get a twenty-year mortgage because of my age, or should I try to find a 15-year mortgage? I’ll be a first-time buyer, does this make a difference? Thanks for any help or advice — I’m really in the dark here!
Tagged with: first house • first time buyer • single mom • year mortgage
Filed under: First Time Home Mortgage
20 year mortgages don’t exist and 15 years are ok IF you can afford them (not recommended) first time buyer only gives you some more mortgage options but with the recent sub prime crapola they are going to be very strict for a while. Stay smart buy what you can afford and you’ll be ok. and do NOT GET AN A.R.M.!