Meet The 79-Year-Old Widower Who Just Bought His Dream Home Online – Here’s How He Did It
For many people on the brink of retirement, 2020 was supposed to be an easy year. The year of transition, followed by decades of fun and relaxation with friends and family. Fred Miller, like every other person retiring at the time, thought similarly. Instead, he was hit with what was one of the biggest life sorrows – the death of his wife, Anita Farah Miller.
Being an investment banker for 50 long years can keep you away from family for long stretches. But, Fred was ready to make it all up to Anita. He’d planned for the rest of his days to be dedicated to his wife of 35 years in their suburban Detroit home.
But fate had other things in store for him.
A Change in Plans
In the early days of the pandemic, right after stay-at-home orders were released, Fred’s wife passed away on the 1st of April, surrounded by friends and family. And with Anita gone, Fred no longer saw a need for the 3,300-square-foot home they shared. About an hour northeast of Detroit, in a small Michigan town, lied Fred’s heart: in his hometown, St. Clair.
St. Clair was always in his thoughts, even when Anita was alive. After his retirement in 2019, the couple even contemplated moving there. But, family came first, and St. Clair took a back seat – just like it had been for about 50 years after Fred moved out to go to the Air Force.
The locality that Fred had his eyes on carries some of the most pricey real estates in all of St. Clair. Plus, at this point, he was a 79-year-old widower. How would he be able to land a 30-year mortgage? Evidently, this added up to quite the pickle. And his dream would definitely have not come true had he not consulted his daughter Laura Soderberg, who works for the online lender, Better Mortgage. The company has, in the 5 years of its establishment, lent about $31 billion in loans.
It wasn’t long before Fred got his pre-approval for a competitive $300,000 fixed-rate 30-year mortgage through the online lending company. With the pre-approval, there was nothing stopping him. It took no more than a month for him to close a deal on his dream home.
Wrapping It Up
St. Clair always had Fred’s heart so it wasn’t long before he reacclimated to the community. According to him, the town’s character hadn’t changed since he was a kid. It was special to him and he felt right back at home the moment he returned. Now, Fred has big family gatherings on his new property. He even installed a fishing dock out back and often walks down to catch some fresh walleye.
More in Financial Planning
What’s The Ideal Credit Score to Be Eligible For a Personal Loan?
Are you struggling to get approval for a personal loan? Do you find it a little too hard to understand the...December 21, 2021
The Best Financial Planning Tips for People With a Significant Net Worth
Some people are under the impression that financial planning is only essential for people who earn minimum wage or those with...December 17, 2021
A Few Tips Before You Get on the Entrepreneurship Bandwagon
At the age of 16,Richard Branson, the business magnate, started his entrepreneurship journey by launching the ‘Student’ magazine. The idea was...December 7, 2021
They Just Don’t Stop Showing Him the Money – Perks of Being Michael Jordan
It has been decades since Michael Jordan retired from the NBA, but his saga is not ending anytime soon! Often named...December 5, 2021
Attention, Companies! Delight The Parents In Your Workforce With These 3 Enticing Perks
Wake up, it’s 8 am already! Wake up your little one, make breakfast asap, change your bedsheets, make your child sit...December 3, 2021
How to Financially Cope with the Death of a Loved One
Losing a loved one isn’t an event a person gets over right away. The process of mourning can take months to...November 30, 2021
Justin Bieber and Crocs’ Potential Collaboration is Already Paying Off Even Before Launching
There was a time when young people won’t ever be caught wearing a pair of Crocs. Although they’re one of the...November 22, 2021
4 Budgeting Tips You Should Avoid at All Costs
Have you ever felt that your money is getting wasted? As if the more you try to save it, the more...November 16, 2021
Making these Five Small Adjustments Would Prevent Your Business from Losing Money
Just like time and effort, money is a finite and valuable resource when it comes to business. Thus, entrepreneurs are always...October 15, 2021