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Are lenders discriminating against older people?

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Your Investment Property | 21 Jan 2014, 11:21 AM Agree 0
Mortgage brokers say prevailing lender attitudes are unfair on financially sound people in their 50s, since there’s nothing specific in lending legislation permitting 50-somethings from getting a loan
  • Keith Vic | 21 Jan 2014, 06:37 PM Agree 0
    Well I am 60anda1/2years and I have just had a home loan approved by a major bank without any penalty or prejudice. The loan $256K over 10 years which I will payout by the time I reach 66.5years (6years) and then retire.
  • Morris | 21 Jan 2014, 09:04 PM Agree 0
    yes I believe the big four are, my parents recently sought to go into a JV with me and found at 60 they weren't willing to do so... but yet were willing to let them take out an extensive line of credit... go figure, needless to say if there is a will there is way, but discrimination is rife!
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