Need a mortgage? Get it before you retire
Seniors may have the cash, but still be regarded as not creditworthy enough
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New York
PAYING off the house used to be a cause for celebration, but many retirees no longer see it that way.
An increasing number of older Americans prefer to have a mortgage. They may have the means to buy with cash but choose instead to take advantage of prevailing low interest rates and tax breaks while freeing up their savings for other uses.
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