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  2. Mortgages for seniors: Getting a home loan in retirement - AOL

    www.aol.com/finance/mortgages-seniors-getting...

    Roughly two-thirds of adults who own a home have a mortgage, according to 2022 data from the U.S. Federal Reserve. The median mortgage in 2022 was $1,400 per month, based on data from the U.S ...

  3. HOME Investment Partnerships Program - Wikipedia

    en.wikipedia.org/wiki/HOME_Investment...

    Home purchase or rehabilitation financing assistance – In this type of activity, the HOME program may provide a down payment for the purchase of a housing unit to a financial institution, thereby reducing the monthly mortgage payment of the loan balance for a low-income family that otherwise could not afford the monthly payment. The down ...

  4. Frugal Retirees Never Pay Full Price For These 7 Things - AOL

    www.aol.com/finance/frugal-retirees-never-pay...

    Airlines like British Airways give AARP members up to $200 off on round-trip flights, while Delta and United Airlines provide discounts for senior travelers in select markets.

  5. Should you own a home in retirement or rent one instead? - AOL

    www.aol.com/finance/retired-couple-nearly-1m...

    Owning a home takes work, and it’ll only get harder with age. So, rather than stressing over property landscaping, broken furnaces or a leaky roof, it may be a more worthwhile investment to kick ...

  6. Age-restricted community - Wikipedia

    en.wikipedia.org/wiki/Age-restricted_community

    A common problem occurs when the homeowner dies; if the surviving resident does not meet the requirements for ownership, then he or she is forced to sell the home. This can happen even if the survivor is the spouse of the deceased. However, many age-restricted communities have circumvented this issue by allowing the survivor to maintain ...

  7. Texas State Affordable Housing Corporation - Wikipedia

    en.wikipedia.org/wiki/Texas_State_Affordable...

    Down Payment Assistance programs are all different with certain requirements for each. State or local housing authorities, a non-profit organization, or lender usually set the requirements and conditions for the DPA program. Some programs require you or your loan officer to take a short course on Down Payment Assistance for first time home ...

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