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Senior Homeowners Paying Too Much to Refinance | Raleigh News
Older homeowners are paying a hidden “seniority tax” when refinancing mortgages, overpaying by up to nine percentage points compared to younger borrowers — adding thousands in extra costs over time. Despite having stronger credit, seniors are often targeted by aggressive sales tactics and pressured into bad deals. Experts urge caution: don’t rush, shop around with multiple lenders, and compare total loan costs, not just monthly payments. The refinance market is booming, but for many seniors, it’s costing them big. Listen in comfort:Get a discount on a Soli Pillow…
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