Faculty Publications

Title

The Effect of Low Reverse Mortgage Literacy on Usage of Home Equity in Retirement Income Plans

Document Type

Article

Publication Date

5-2017

Abstract

This article is designed to help financial advisers better understand the potential knowledge level and desires of their clients with regard to reverse mortgages and home equity as a retirement income source. Results of a 2016 survey of 1,000 Americans ages 55 to 75 are discussed, including attitudes toward home equity and retirement planning with a special focus on reverse mortgages.