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  2. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    Loan type. Minimum credit score. Conventional loans. 620. FHA loans. 580 with 3.5% down payment, 500 with 10% down payment. VA loans. No minimum requirement, but generally 620

  3. Retirement community - Wikipedia

    en.wikipedia.org/wiki/Retirement_community

    elder/senior cohousing, multiple individually owned housing units oriented around a common area and a common house; Independent senior living communities, also known as independent living communities, which offer no personal care services; [5] leisure or lifestyle oriented communities or LORCs, which include various amenities; [4]

  4. Green House Project - Wikipedia

    en.wikipedia.org/wiki/Green_House_Project

    In a typical Green House Project home, each elder has his or her own private room and bathroom. Homes typically also include a living room, kitchen and open dining area. [12] The homes are built to blend in with surrounding houses and neighborhoods. The Green House Project model allows for urban, rural and suburban style homes.

  5. Buying a new home in retirement: Pros, cons and weighing your ...

    www.aol.com/finance/buying-home-in-retirement...

    Sources. Quarterly Report on Household Debt and Credit [PDF], Federal Reserve.Accessed December 13, 2024. B3-3.1-01, General Income Information (05/01/2024), Fannie Mae.Accessed December 13, 2024.

  6. Elderly care - Wikipedia

    en.wikipedia.org/wiki/Elderly_care

    A November 2020 study by the West Health Policy Center stated that more than 1.1 million senior citizens in the U.S. Medicare program are expected to die prematurely over the next decade because they will be unable to afford their prescription medications, requiring an additional $17.7 billion to be spent annually on avoidable medical costs due ...

  7. 7 best banks for seniors and retirees in December 2024: Ring ...

    www.aol.com/finance/best-bank-accounts-for...

    U.S. Bank is a brick-and-mortar bank with over 2,000 physical branches in 27 states. As someone who values face-to-face banking, I appreciate U.S. Bank’s extensive network. Plus, it offers a ...

  8. I'm a financial expert: Here's what to consider when ... - AOL

    www.aol.com/finance/what-to-consider-when...

    Consider downsizing in place. If moving turns out to be too expensive, or if the family home could still be useful to the family — for holidays and other gatherings, for example, as well as a ...

  9. Senior living - Wikipedia

    en.wikipedia.org/wiki/Senior_living

    Independent senior living differs from continuing care communities, which offer independent living along with multiple other levels of care, such as assisted living and skilled nursing, in one single residence. [8] A retirement home is a multi-residence housing facility intended for the elderly.

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