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If you're planning to retire, you might have some trouble qualifying for a mortgage. Here's what lenders can — and can't — consider when approving you for a home loan.
For fixed-income boomers who’ve paid off their mortgage, property taxes and insurance are serious financial concerns. The average cost of property taxes is $1,815, while typical homeowners ...
Carrying heavy debt into retirement is a problem. Whether it’s credit card debt, a mortgage, or student loans, debt drains your retirement savings and increases stress during what should be a ...
Millions of Americans spend their working days dreaming about retirement. Yet millions of Americans also fail to take the crucial financial steps they should take before becoming a retiree. Don ...
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For example, if your pre-tax monthly income is $8,000 and your mortgage payment is $2,000, you have a front-end ratio of 25% (meaning that your mortgage consumes 25% of your income).
Image source: Getty Images. If you're planning your retirement party for 2025, take some time to review the following five things to ensure you won't be caught off guard by the financial transition.
Lower Your Mortgage Payment and ‘Attack your Debt Snowball’ ... He recommended investing 15% of your household income into Roth IRAs and pretax-retirement plans. “If you’re still working ...