In the News

Title

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

Document Type

Article

Publication Date

5-23-2016

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.