[quote=harvey]Your credit score is high enough that it won’t matter if it drops a little.[/quote]
harvey, I’ve been told that but JUST IN CASE I want to take out a small residential mortgage on my own, I want to retain the “sterling” FICO score because my “income” is very low by mortgage lenders’ standards. I wouldn’t want anything but the very best rates available to me at the time.
I’m one of those people who could comfortably make a mortgage payment indefinitely on time which was 55% of my monthly income. But telling this story to a lender isn’t exactly what they were hoping to hear.
Most likely, I’ll pay all cash for my next home but prices have gone up a bit in some of my “choice” retirement areas, mainly in the last 2.5 years.
