January 30, 2023


Giving your Home a new Option

Reader responds to pair close to retirement and thinking of refinancing

Ilyce Glink and Samuel J. Tamkin

Some people nearing retirement might choose to refinance their home.

We not too long ago received a extensive comment on one of our questions pertaining to a property owner who was deciding irrespective of whether to refinance their dwelling in advance of retiring. Our correspondent is a home loan field veteran of a lot of several years and we believed you would reward from his viewpoint.

(And, we will just include that listening to from our readers, no matter if directly as a result of Ilyce’s website, ThinkGlink.com, or via the remarks part of our various news outlets, by no means gets outdated. We learn anything new from you each and every week and will keep on to publish your comments as part of our ongoing conversation on true estate.)

This is the e mail we received, edited rather for clarity and length:

Remark: I have more than 50 years of mortgage loan banking experience, including producing a lot of of the federal rules and mortgage loan mortgage rules. I preferred to comment on your the latest short article in my area paper, exactly where you responded to a couple who have been looking at refinancing their residence close to the time of their retirement. Though I appreciated your response, there are some really crucial matters they require to take into account.