13 May 2021
Is 30 Too Old to Buy a House?
If you are 30, you may be asking yourself whether or not you are too old to be able to buy a house, and the answer is simple: There is no age requirement for buying a house.Â
It all depends on your financial situation, and not your age. Buying a house is a big first step for people who want to invest in new properties and, as mentioned before, there is no age requirement for this. According to HomeLoanQuestions.com.au, the current Australian laws against discrimination prohibits lenders from discriminating against older individuals.Â
Lenders may require you to give them more information to make sure that you are able to afford the house.Â
All you need to be sure of is staying well informed on the property you want to buy and have proof that you are going to be able to pay your mortgage. Otherwise, your application will be denied – This can happen to anyone of any age. If this is your first time buying a house and you are 30 years or older, consider working alongside a mortgage broker to give you the best loans for your house.