A few years ago we talked to some senior citizens about building them a new house. I was surprised when they talked about getting a mortage!
I just read a short article what stated that 40% of all seniors age 62 to 75 will retire with mortgages and some of them never expect to pay it off.
Boy, I hope they get a lot bigger social security check than I do. I could never pay a mortgage on $538 a month.
Glad I paid mine off many years ago!
Seniors with mortgages
December 13th, 2007 at 04:48 pm
December 13th, 2007 at 05:57 pm 1197568637