You Should Buy Your Retirement Home Before You Retire

     You Should Buy Your Retirement Home Before You Retire Planning to leave the workforce and retire in five to 10 years can seem a long ways away. Buying a retirement home now can actually pay off in the long term to capitalize on some benefits offered to homeowners. Learn five reasons to buy a home while still fully employed.   Easier Approval for Mortgage Mortgage lenders evaluate loan applications based on debt-to-income ratio, the total monthly debt divided by gross monthly income. It is easier to qualify for a home loan while earning a steady paycheck. Waiting until retirement to apply for a mortgage can limit the size of loan which can be qualified for with lenders.   Cash Flow Most people want to make some renovations and changes to a property once purchased. Setting a budget can help plan for the changes. A regular income is nice to have when updating or modifying a home. Working full-time can protect a person financially if major issues are uncovered. Retirement may no
http://www.cprealestate.com/blog/2016/11/22/you-should-buy-your-retirement-home-before-you-retire

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