Common use of Age of Applicant Clause in Contracts

Age of Applicant. All Borrowers must be aged 18 or over. There is no maximum age limit. However, if the term of the Mortgage extends into retirement, the Seller will attempt to ascertain the Borrower's anticipated income in retirement. If the Seller determines the Borrower will not be able to afford the Mortgage into retirement, the application will be declined. If the Borrower is already retired, the Seller will consider the Borrower's ability to support the Loan.

Age of Applicant. All Borrowers must be aged 18 or over. There is no maximum age limit. However, if the term of limit unless the Mortgage extends into retirement, Account is linked to a pension policy when the Seller will attempt to ascertain Mortgage Account must mature no later than the Borrower's anticipated income in retirement. If the Seller determines time when the Borrower will not be able to afford the Mortgage into retirement, the application will be declined. If the Borrower is already retired, the Seller will consider the Borrower's ability to support the Loanreaches 75 years of age.

Age of Applicant. All Borrowers must be aged 18 or over. There is no maximum age limit. However, if the term of the Mortgage extends into retirement, the Seller will attempt to ascertain the Borrower's ’s anticipated income in retirement. If the Seller determines the Borrower will not be able to afford the Mortgage into retirement, the application will be declined. If the Borrower is already retired, the Seller will consider the Borrower's ’s ability to support the Loan.