Why Age Is a Big Factor In Getting Approved for a Mortgage

About Why Age Is a Big Factor In Getting Approved for a Mortgage

This video explores a study by the Center for Retirement Research at Boston College, highlighting the impact of age on mortgage approval. As potential homebuyers age, the likelihood of mortgage rejection increases, a trend consistent across lenders and mortgage types. The study's results indicate that men may face greater challenges in gaining approval compared to women. This brief analysis aims to shed light on the dynamics at play, encouraging viewers to consider age-related factors when planning their homebuying journey.