If you’re close to retirement age and applying for a mortgage, lenders will typically require you to have a backup repayment plan called an exit strategy to show how you will pay off your home loan. Mortgage Broker Rachelle Kroon explains some of the exit strategies that banks might accept. We hate email spam so we don’t create it! Sign up to our newsletter to get only the valuable money, careers and property info you need.To get help, and to check out our online courses, resources and downloads (+ our disclaimers and warnings), click here. Hosted on Acast. See acast.com/privacy for more information.

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