Can I get a home loan if I am over 60 years old?

Absolutely you can. Lenders look at how you will repay the home loan after you retire (eg. age 75). We need to show how you will repay the home loan after you retire, this could be from funds in super, income from investments/investment properties or we could shorten the loan term to 15-20 years so it will be repaid by the time you are retired.

Yes, you can still get a home loan if you are over 60 years old. Lenders will take into account your age, income and assets when assessing your application. It is important to note that lenders may have different requirements for those over 60 years old. For example, some lenders may require a higher deposit, or may have a maximum loan term of a certain number of years. In addition, lenders may also require additional information about your retirement plans. This may include details of your pension, superannuation or other retirement income. When applying for a home loan, it is important to make sure you are aware of the lender’s requirements and that you meet them. It is also important to shop around and compare home loan rates and fees to ensure you get the best deal. Goodrate is a great resource to compare current home loan offers from a range of lenders. Overall, it is possible to get a home loan if you are over 60 years old, however, it is important to be aware of the lender’s requirements and to compare home loan rates and fees to ensure you get the best deal.