{"id":1569,"date":"2022-06-06T12:56:42","date_gmt":"2022-06-06T12:56:42","guid":{"rendered":"https:\/\/ggmortgage.com\/?p=1569"},"modified":"2022-06-06T13:13:23","modified_gmt":"2022-06-06T13:13:23","slug":"getting-ready-to-buy-a-retirement-home-things-to-consider","status":"publish","type":"post","link":"https:\/\/ggmortgage.com\/2022\/06\/getting-ready-to-buy-a-retirement-home-things-to-consider\/","title":{"rendered":"Getting Ready To Buy A Retirement Home: Things To Consider"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221; custom_padding=&#8221;3px|||||&#8221;][et_pb_row _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;][et_pb_text _builder_version=&#8221;4.17.4&#8243; _module_preset=&#8221;default&#8221; global_colors_info=&#8221;{}&#8221; theme_builder_area=&#8221;post_content&#8221;]<\/p>\n<p style=\"font-weight: 400;\">Do you have plans to purchase a retirement house? It doesn\u2019t matter if you\u2019ve already retired or still have a long way to go before retiring. The perfect time to plan for your future home is now.\u00a0<\/p>\n<p style=\"font-weight: 400;\">This article will break down essential details that you\u2019ll need to consider before buying your retirement home.<\/p>\n<h3 style=\"font-weight: 500;\">Should you buy before or after retiring?<\/h3>\n<p style=\"font-weight: 400;\">Purchasing a retirement home well before retirement age has many benefits. Firstly, it\u2019s easier to qualify for a mortgage while still having a job and the income to pay expenses. Secondly, you could put the house up for rent for profit \u2013or at least to cover the monthly mortgage of the second home.\u00a0<\/p>\n<p style=\"font-weight: 400;\">Buying a home after retiring also has its perks. First, if you\u2019re not sure where you want to retire, you\u2019ll want to wait until you\u2019re of retirement age to decide where you want to live the rest of your years. Secondly, instead of using the down payment on a retirement home, you can use it for your more immediate needs, such as paying down credit cards or making home improvements.\u00a0<\/p>\n<h3 style=\"font-weight: 500;\">Things to Consider When You Buy Your Retirement Home<\/h3>\n<p style=\"font-weight: 400;\">Retirement homes vary depending on the owner, your unique circumstance, and your needs. You can spend the rest of your retirement days blissfully on the beach or enjoy breathtaking mountain views from your log cabin. Or maybe you prefer to stay in the suburbs, close enough to restaurants, entertainment, and community activities.<\/p>\n<p style=\"font-weight: 400;\">Whatever the case may be, here are a few things you may want to consider before purchasing a home:<\/p>\n<ul style=\"font-weight: 400;\">\n<li aria-level=\"1\">Affordability still counts!<span>\u00a0<\/span>Carefully plan your budget so that you won\u2019t have problems maintaining the home, and consider that your cash flow changes post-retirement. Above all else, purchase a home that you can confidently afford long-term.<\/li>\n<\/ul>\n<ul style=\"font-weight: 400;\">\n<li aria-level=\"1\">Purchase a home where you can age comfortably. You need to consider that you might experience mobility issues\u2014homes with stairs, no showers, narrow walkways, high-maintenance landscaping, etc. may be problematic.<\/li>\n<\/ul>\n<ul style=\"font-weight: 400;\">\n<li aria-level=\"1\">Make a list of your priorities. Before purchasing a home, list all the things you want out of your future home, such as living close to loved ones or being near your favorite amenities can make your retirement days much more enjoyable.\u00a0<\/li>\n<\/ul>\n<h3 style=\"font-weight: 500;\">Are You Ready To Buy Your Retirement Home?<\/h3>\n<p style=\"font-weight: 400;\">Purchasing a retirement home is exciting! You\u2019ll likely have more disposable income to buy this property than your first home, and the idea of scaling down or simplifying your life will also bring joy.\u00a0<\/p>\n<p style=\"font-weight: 400;\">But even if you\u2019ve already gone through the process of buying property, we understand that taking it on again can seem daunting. Your financial circumstances have since changed, and your loan options and requirements have changed. And if it\u2019s been more than five years since you last applied for a mortgage or financed, you\u2019ll find the process has also upgraded! Hello, digital mortgage!<\/p>\n<p style=\"font-weight: 400;\">No matter the stage of life or your previous homebuying experience, you can count on us for solid tips on how to purchase your retirement home and guidance on the best loan program for your needs.\u00a0<\/p>\n<p style=\"font-weight: 400;\">\n<p><br style=\"font-weight: 400;\" \/><b><strong>* Specific loan program availability and requirements may vary. Please get in touch with the mortgage advisor for more information.<\/strong><\/b><\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Do you have plans to purchase a retirement house? It doesn\u2019t matter if you\u2019ve already retired or still have a long way to go before retiring. The perfect time to plan for your future home is now.\u00a0 This article will break down essential details that you\u2019ll need to consider before buying your retirement home. Should [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[14],"tags":[],"_links":{"self":[{"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/posts\/1569"}],"collection":[{"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/comments?post=1569"}],"version-history":[{"count":3,"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/posts\/1569\/revisions"}],"predecessor-version":[{"id":1578,"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/posts\/1569\/revisions\/1578"}],"wp:attachment":[{"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/media?parent=1569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/categories?post=1569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ggmortgage.com\/wp-json\/wp\/v2\/tags?post=1569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}