In the News

Survey: Seniors Do Not Want Reverse Mortgages

Phil Hall, National Mortgage Professional

Abstract

In a data analysis that will certain create agita among reverse mortgage providers, U.S. seniors are overwhelmingly apathetic and confused about the value of reverse mortgages.

This rejection of reverse mortgages is based on a survey conducted by the American College of Financial Services that polled than 1,000 people between the ages of 55 and 75 with at least $100,000 in investable assets and $100,000 in home equity.