It may seem like a nearly impossible task to get a mortgage after retirement, but there are ways you can do it even if you are not employed. If you’re planning to apply for a mortgage, here are 5 common questions you might ask that we’ve answered for you:

How great does a mortgage payoff sound? After making your final payment, there’s nothing sweeter than seeing in your account that you are already “PAID IN FULL” after a substantial period of 15 or 30 years. Congratulations! Paying off your mortgage is a huge and remarkable milestone—you now own your home free and clear. However, there are still a few things you need to do to ensure that you have a clear ownership of your property. Here are some of those extra steps:

According to the National Association of Realtor’s Schools and Home Buying Decision article, proximity to good quality schools is one of the most influential factors in a buyer’s decision when purchasing a home. It is a major factor especially for buyers with families or young couples who are planning to have children. Homes that are located near top-quality school districts usually translate into higher property values and generally have a huge resale potential. In the NAR 2015 Profile of Home Buyers and Sellers, 25% of home buyers listed school quality and 20% listed proximity to schools as the deciding factors in their home purchase. Many home buyers are even willing to forgo certain home amenities just to have access to quality schools.