Edy Crawford
Edy Crawford
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3 years ago
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Is it possible for a 62yr. old male & non-working wife to buy a home?

Is it possible for a 62yr male to buy a home? And what is the MAX number of yrs allowed to finance? I need the lowest monthly payment,thinking of the future, if ever I can not work. I am healthly and almost in the same field as I was at Verizon.(Tech Supervisor)
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3 years ago
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Yes, given that the monthly payment does not excede the debt/income ratios allowed by most lenders; also it is not based on age but ability to qualify/pay. Everything else is irrevelent.

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2 years ago
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Edy,

There are many affordable options in the Tampa Bay Area. I am a real estate broker in the Tampa Bay Area and would be happy to speak to you further to help you determine if purchasing is within your grasp. I have been an agent for 12 years. Please feel free to give me a call at 813-690-6972 if you are still considering purchasing.

Thank You,

Britta Eriksson
Broker-Associate
Sun Realty
813-690-6972
britta@sunrealtytampa.com

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2 years ago
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Hi Edy,

Consider a owner finance property. I am not a realtor but an educated home buyer with seven paid properties under my belt. I dont have a traditional scholar degree, but do have lots of comun sense. Remember, realtors are good to guide you thru the process, but their education focuses on property law. However, for a seller whose home isn't selling or when traditional lender guidelines are tightened, owner financing suddenly has becomes very popular. Owner financing is definitely a viable option because we are in buyer's markets. When you deal directcly with owners, and a well crafted lawyer you can save many dollars and avoid the finance buracracy that entangles many people to co-mingle unesesary dollars without no explanation of the moneies final destination. Make sure you move on factual numbers, and do not follow opinions that may sound good. Many opinions are formulated to distract you from the true entanglements and the many hands that reach out to the pot of money you are willing to put out to purchase a property. Owners can well finance you a property with the same power a bank or even more leaverage. Remember its a buyers market, and you can stand strong on the rules you make based on your buying power.

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