New York CNN —
Moving somewhere new when you retire isn’t uncommon. But deciding whether to take out a new mortgage to buy a home is a big deal.
Much of your financial life is changing as you transition from a steady paycheck to a mix of fixed and variable income and a new lifestyle. So adding a large debt to the picture isn’t an easy call.
That’s especially true now that mortgage rates hover around 7% and home prices keep rising. “Any time you take on debt, you increase risk in your situation,” said Illinois-based
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