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It can be harder for seniors to get mortgages, research shows

by Samantha Fields

Feb 15, 2023

Many older people have lower incomes and less time to pay off loans than younger counterparts, making lenders hesitant.

Older homeowners may be denied refinancings or new mortgages because of high debt-to-income ratios or other financial factors, according to Linna Zhu at the Urban Institute.

Westersoe/Getty Images

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