5931 - When it comes to buying homes, baby boomers are just as likely to take out mortgages as their younger counterparts – and far more so than their parents and grandparents when they moved into and beyond middle-age. "Boomers aren't debt averse," researcher Margaret Wylde said at a seniors housing symposium in Chantilly, Va., last month. "Even seniors in the 75 and over range are taking on mortgages. That was unheard of just a few years ago." Boomers, all 77 million of them born between 1946 and 1964, are "re-writing the rules of consumer behavior everyday," agreed Jack Haynes, executive vice president of Countywide Home Loans' National Builder Division. They're not cashing out the considerable equity they've built in their first or even second homes. Instead, they are buying third and fourth homes, often bigger, more expensive homes and apartments, according to these and other specialists who spoke at the "Building for Boomers & Beyond" conference sponsored by the National Association of Home Builders. And more often than not, boomers are financing their new homes rather than paying cash. "They've never been denied anything," said Haynes. Read this Nemmar Real Estate Training article at Mortgage Loans, Finance, Economy, Appraisal