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Updated about 6 years ago, 09/18/2018
Mortgages for Seniors in Australia: I need a lender
Dear BP friends,
I am trying to help Family in Sydney, Australia to find a mortgage lender that works with seniors. They are 69 and 65 and are saying they can’t get a mortgage. They are buying in a town 90 minutes from Sydney and currently own no real property. They have plenty for a down payment. The home is approximately 600k.
Can anyone recommend a strategy or a specifIc lender that can work with older Australians? Could I be a guarantor for them?
I would deeply appreciate any advice!! Thanks!