Now please explain me the logic of the buyer – the cost of owning this house (e.g. mortgage payments and property taxes) will be in excess of $8K/month, not to mention the constant need to fix the old.
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Mortgages for older borrowers. There’s one area of mortgage lending that has changed significantly in the last year or so, and that’s the range of options on offer for the over 65s. All sorts of lenders are starting to provide new products to cater for the different needs of older borrowers as the way people view mortgages in retirement shifts.
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