In the News

Retirees’ Aging in Place Desires Don’t Include Reverse Mortgages

Alana Stramowski, Reverse Mortgage Daily

Abstract

While the majority of Americans wish to age in place, an overwhelming number either don’t understand or haven’t considered using a reverse mortgage in retirement.

Of those who are nearing, or in retirement, 83% want to stay in their home as long as possible, according to the Home Equity and Retirement Income Planning Survey by The American College of Financial Services.