Hi all, I just let me know if my thoughts are on the right track or not. I'm 49, and in 5-6 years I'm planning to retire, but as I was thinking of retirement and after, I think there is somethings to be done for the life after retirement. Even though I have enough for the rest, I wanted something to get me engaged and also, enjoy.
So I'm thinking of a investment and I think I would take up a mortgage. Never had one and it's the first time. So, is there any chance that the mortgage are available for oldies like me? I'm talking of a 15 year period mortgage.
I checked few mortgage options, and also was going through a mortgage calculator (Canada Mortgage Direct (Calgary) - Calculators) and was checking the rates and affordability. Looks like it can be easily managed, but the real question is whether or not the mortgage will be sanctioned? Can someone help me on this? Is there something I should be aware of?
So I'm thinking of a investment and I think I would take up a mortgage. Never had one and it's the first time. So, is there any chance that the mortgage are available for oldies like me? I'm talking of a 15 year period mortgage.
I checked few mortgage options, and also was going through a mortgage calculator (Canada Mortgage Direct (Calgary) - Calculators) and was checking the rates and affordability. Looks like it can be easily managed, but the real question is whether or not the mortgage will be sanctioned? Can someone help me on this? Is there something I should be aware of?