I would like to purchase a retirement home.?
I would like to purchase retirement home due to low prices. I have existing home. Mortgage bal of 100k. Existing home valued a 400K. How can I buy retirement home. Another mortagage or can I combine with existing mortgage.
Public Comments
- Rethink things. Prices may drop even lower, and with the rise in baby boomers retiring, your options of housing for retirement will get better considering you want to live in a retirement community. Home sales are not as easy in such communities so you need to know that if you do buy you could be stuck for some time with it... You're not retired yet so you don't know what the future holds. the best thing to do is build your next egg than decide.. you already have a home work on paying that off first.
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