Can a Retiree Get a Mortgage?

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Q. I want to buy a retirement home in North Carolina for $263,000. I am selling my home in New Jersey, where I have lived for many years. Although I could pay all cash for the home I'm buying, I'd prefer to take advantage of current low interest rates and not to tie up so much of my money in real estate. The problem is, I'm 69. Would anyone give me a mortgage at my age? And if they did, would I be foolish to take it?

--Little Silver, N.J.

Read the answer at the WSJ online.

http://online.wsj.com/article/SB10001424052702304450604576420143484886916.html

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