Brandy Wright’s expertise is again on display in an article by Daniel Bortz on realtor.com. For many people, retirement also means downsizing to a smaller home. But on top of the typical challenges of moving, retirees also face difficulty qualifying for a loan because of their smaller income.
While some people outright buy a home for their parents, this can greatly disrupt your own retirement plans unless you’ve been budgeting for this purchase for years. If you’re in a position to help your retiring parents buy a new home, or are retiring yourself, you’ll want to look at the options presented in the article here.