Quote:
Originally Posted by kpd3062
We had been planning to buy our home in TV after retiring. Someone recently told me recently that if I wait until after retirement my credit score and hence interest rate on my mortgage will be affected negatively, Even though I will have a pension coming in and money in the bank. I assume if this is correct some of y’all may have experience or knowledge of this. Thanks
Oh yeah, Merry Christmas to all!!
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I cannot comment on the credit score thing. I can tell you that the appreciation in home values most likely outweigh what you are earning on your savings. If you are not ready to move yet, you can always rent your home until you are ready to move. Lots of people cover the mortgage for the year while renting during peak season. Also check on the interest rate of the bond. I paid my bond off after learning the interest rate charged was 8%.