I bought my very first home (condo) when I was 63. It will be paid off when I'm 93. Then I have to take out another loan to pay back the local group that gave me $20,000 interest free (plus the increased value.) I Don't really think I need to worry about it so much as what are the chances i'll make it to 93, then what are the chances a bank will give me a 5+ year load to pay off the lien I have right now. Kind of funny isn't it? 30 year loan at 63 but so grateful to own something for the first time in my life.

and when I bought this condo in 2017, I had no idea what would happen to housing/rent. I bought it in preforclosure for $140,000. My mortgage (PITI) is $730/month for my 1200 sq ft, 2 bed/2 bath condo. I've been here 7 years. My previous rent was $1000 for a one bedroom 700 sq feet. Then the pandemic and now my condo is worth $300,000 and the rent on my old apartment is over $2,000. I would probably be homeless or I don't know where had I not gotten help to buy this condo. I am a very fortunate and grateful woman. Imagine today, I pay $730, am able to live alone still as I have my entire life, and there are ramps for my now crutches/wheelchaired life. Life is funny isn't it. I've always been lucky.