At 65, will you still have a mortgage hanging over your head? Are you a Boomer over 50 who will still be making mortgage payment once you reach normal retirement age? If so, you’ll be like 35% of other senior homeowners, according to Will Dunning, chief economist with the Canadian Associated Of Accredited Mortgage Professionals. As a senior, a mortgage obligation can take money away from the resources you need to carry you through the remainder of your life. Unless you are willing to cut expenses, you could be in trouble.