Time Is Right to Buy a Retirement Home

Posted on Monday, December 6th, 2010 at 11:06am.

Time Is Right to Buy a Retirement Home

According to an online article at REALTORMag:  "Money Magazine is urging people a few years from retirement who plan to move when they quit work to consider buying now while home prices and mortgage rates are low."

"Buyers who intend to use the place as a second home will pay the same rate as they would pay for a primary residence. If they intend to rent the property out until they retire and they need the rental income to qualify for the mortgage, lenders will consider that an investment property and charge a half to a full percentage point more."

Read the rest of the "Money Magazine" article online at REALTORMag

Mahalo For Reading.

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