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intended and operated for occupancy by persons 55 years of age or older, and-- (i) at least 80 percent of the occupied units are occupied by at least one person who is 55 years of age or older (ii) the housing facility or community publishes and adheres to policies and procedures that demonstrate the intent required under this subparagraph; and
Age-qualified communities, also known as 55+ communities, active adult communities, lifestyle communities, or retirement communities, are often planned communities that offer homes and community features that are attractive to 55+ adults. These might include a clubhouse or lifestyle center with a good many activities, sometimes with indoor and ...
Seniors who wish to be successful can consider the following tips: 1. Avoid buying more house than you need. ... ARMs start out fixed and fluctuate over time, while a fixed-rate mortgage is more ...
Instead, Jean prefers to use the money from the sale of their home to travel, while also enjoying a more lowkey lifestyle in a senior community where they can relax and socialize.
assisted living communities, also known as assisted living and memory care assisted living communities, which provide all the daily services seniors need in an apartment or condominium style environment - such as activities, dining, housekeeping, nursing, and wellness - usually in a locked and secured building;
However, seniors may find it harder to qualify for a new home loan if they have a limited income, existing mortgage or other debt. We often think of homebuyers as young people: newlyweds, couples ...
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