Get a real estate loan for retirees from a bank
Despite high purchasing power, it is difficult for seniors to get a real estate loan for retirees from a bank. Is a real estate loan also possible for the self-employed and pensioners? Employees and civil servants have the easiest time when it comes to real estate financing. However, for self-employed or retired people, many house banks simply reject it to avoid the risk. Above all, there are two things that will make real estate loans more difficult in the future.
For a long time, senior citizens were seen as one of the client groups in the finance sector, some of whom were very difficult to obtain credit.
For a long time, senior citizens were seen as one of the client groups in the finance sector, some of whom were very difficult to sign a new financing contract. However, according to various experts, this will now change as, for banks too, customers over the age of 65 will become more and more important due to a changed situation. The financial market crisis also contributed to the fact that pensioners will in future also have much higher credit opportunities when financing construction projects.
In fact, in fact, mortgage loans for retirees are almost never used to build another building or to buy a property. Rather, it is mainly renovation and renovation work on the house, which of course can take place even if the owner already has a certain age.
Because these often exceed the reserves of the elderly, only the inclusion of a real estate loan remains. In many cases, however, the previous problem area was that hardly any of the banks was willing to give real estate loans to people over 65 years.
Find out that financial institutions
But more and more older people now find out that financial institutions are rethinking their thinking. For example, a few months ago he needed a real estate loan because his rooftop had to be renovated. First he went to his house bank with a somewhat unpleasant feeling, for he, too, knew that financial institutions had so far had great difficulty in providing a mortgage loan to the elderly.
One of the main reasons for this is that there are more and more old people, so that this group of over-65s is now growing to more than 17 million people. By 2050, the statistics office is counting on more than 22 million older people.
This is another benefit for the elderly, as in many cases they no longer have to pay risk premiums, but can benefit from the advantageous conditions of the still fully employed real estate financiers.