Talk of The Villages Florida - View Single Post - Buying on a fixed income?
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Old 01-02-2011, 07:16 PM
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rjm1cc rjm1cc is offline
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Some questions a lender will want to know is how secure is your fixed income, is it inflation protected? I would get pre qualified for a loan as suggested. Rent in TV to make sure you like it. Get a job when you start renting - part or fulltime, start the selling process when you are sure you do not need the home. Once you deceid to buy get reapproved for a loan while you are still working full or part time. Keep your job at least until settlement on the new home.