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Real Estate
Reply to "New mortgage at 45?"
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[quote=Anonymous]No, not dumb. If you can comfortably afford payments now, you will build equity and can always sell before retirement if the finances don't work out to stay. As long as that idea doesn't upset you, no reason not to do it. I say this as someone who is working hard to get out of the mortgage game altogether by 50. We have reasons for that (mostly related to college costs and health issues). But if you don't have those financial goals and financing a 30 year mortgage at 45 works within YOUR goals, there's no reason not to do it. Even the bank knows you are unlikely to work until the end of the mortgage. They also know you can sell.[/quote]
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