You can use a mortgage depending on your health

Since the mortgage loan is a long -term repayment, there is basically a age limit on use.However, many financial institutions set a mortgage from 60 years old because they set the upper limit of 70 years old.

However, in order to use it, it is necessary to pass the screening, and there are cases where the loan conditions as desired are not allowed.It should be assumed that the repayment period is shorter than the younger generation, so the borrowing limit will be lower.

Note the mechanism of group credit life insurance

When using a mortgage, most financial institutions require group credit life insurance and commonly known as Danshin.Danshin is a mechanism in which the remaining debt is reimbursed by insurance money if a trouble such as death or a highly disabled during a loan repayment occurs.

Because it is a life insurance, it is necessary to pass the examination, and it may fall due to a health condition.If you are in your 60s, there are more health risks than the younger generation, and there are many cases where screening will be disadvantageous.

In that case, there is a method of using a "wide squad" where the criteria for the examination have been eased, or a mortgage such as "Flat 35", which does not require a member of the group.

Precautions when making a mortgage for over 60 years old

When you make a mortgage at the age of 60 or older, there are other points to keep in mind besides your health.Here, let's check the specific points.

Items that are important in the examination

In the mortgage screening, both "age when borrowing" and "age when paid off" are particularly important.The Ministry of Land, Infrastructure, Transport and Tourism survey ( *) reveals that many financial institutions value age more than annual income.

Also, if you are over 60 years old, the risk of death increases and your retirement income will be a bottleneck.Pension income alone may be difficult to repay, so how to make a repayment plan is the first step in passing the screening.

( *) Ministry of Land, Infrastructure, Transport and Tourism "Survey results report on the actual situation of private mortgages in the first year"

Be careful with retirement allowance

If you are in your 60s, your retirement allowance is expected to be used for mortgage repayments.According to a survey by the Ministry of Health, Labor and Welfare ( * 1), the average retirement allowance is 19.83 million yen for university graduates, and it is certain that it will be an important fund for repayment.

However, considering the cost of living in retirement, there is a risk that the entire amount will be used for repayment.

For example, according to a household survey by the Ministry of Internal Affairs and Communications ( * 2), the average consumption expenditure for unemployed households only for married couples aged 65 and over and 60 years old is 239,947 yen per month.

On the other hand, the average amount of social security benefits such as pensions is 2006,678 yen, resulting in a substantial deficit of 33,269 yen per month.Therefore, it is very important to make a plan to expect the living expenses in old age.

( * 1) Ministry of Health, Labor and Welfare "Comprehensive Working Conditions Survey / 2018 _ Retirement benefits (lump sum / pension)

( * 2) The Ministry of Internal Affairs and Communications "Household Survey Report (Household Reserve) Introduction to the average result"

Tips for passing a mortgage review

If you are worried about your age, it is also important to keep the points for passing the mortgage screening.

Increase the down payment

In order to carry a mortgage screening in an advantageous manner, it is fundamental to increase the down payment and reduce the desired amount of borrowing.If the borrowing amount is small, the risk of repayment will be reduced, so it will naturally be easier to pass the screening.

Depending on the amount of down payment, it will prove that there is enough savings at this time.

Consider multiple financial institutions

Since the criteria for screening vary depending on the financial institution, there are many cases where the results are different even in the same conditions.Therefore, if you are worried, it is one way to gather information about multiple companies in advance and apply for a batch in bulk.

Choose a house with a high assessment

The mortgage examination target is not only for applicants but also for houses to be purchased.

In the unlikely event that repayment is unable to repay on the way, collateral value is a very important indicator for financial institutions to liquidate by selling the purchased house.

Therefore, choosing properties that are unlikely to fall off, such as good locations and high -performance houses, are also a point that makes it easier to pass the screening.

Consider a parent -child relay loan

If you want to build a two -family house, you can use a parent -child relay loan.Even if the repayment period is not long in the parent generation alone, if you take over to the child generation, you can make a repayment plan in the longest period.

Depending on the financial institution or the selected product, there are differences in conditions such as "whether or not you live together" or "subscribers of the group", so let's consider while comparing the services.

Consider using "Re -Bath 60"

"Li Bath 60" is a reverse morgeage mortgage loan that can be used by people over 60 years old.The big advantage is that the monthly payments can be greatly reduced.

The monthly payment is only for the interest part, and the principal is repaid by "the heir pays at once" or "selling the property".However, since the procedure is required in the case of inheritance, you must obtain the consent of the heir when using it.

What is a reverse mortgage?

If you get a home from your 60s, it is safe to understand the system of the loan for the elderly for the elderly in preparation for the shortage of retirement funds.

Here, let's take a look at the mechanism and precautions of the reverse mortgage.

Reverse mortgage mechanism

Reverse mortgage is the same as a general mortgage loan that can be loaned by financial institutions with your home as collateral, but the repayment method is different.

For general mortgages, monthly repayments are interest rates and principal, while reverse mortgages can only repay interest, so you can reduce monthly repayments.

It is also possible to refinance an existing mortgage with a reverse mortgage.Recently, the number of financial institutions that handle reverse mortgages are increasing.

The disadvantage is that it is often limited to single -family houses, and it is not easy to use any conditions.There is a risk that you can not repay only at home that is collateral alone, so be careful about using it.

If you are worried about a mortgage, consult with the "House window"

When using a mortgage, there are many situations where you have to make important decisions alone, and it is easy to feel anxious.

If you can't find someone who can talk about funding planning or building a house, consider using Lifull Home's "Home Window".

Characteristics of the "window of home"

At the window of your home, you can get detailed advice on the cost of purchasing, as well as a mortgage trouble.In addition, it is a reassuring ally for buying a house because it can be connected to financial planners and other experts as needed.

In addition, when you enter the purchase stage, you can also receive support such as adjusting the meeting with a real estate company and acting on the behalf.All services can be received for free and consultation from a neutral standpoint, so use them when you have any problems with housing.

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