Most Seniors Don't Want Reverse Mortgages, Poll Finds
The American College New York Life Center for Retirement Income
Only 14% of retirees have even considered a reverse mortgage, and only one person out of 1,000 polled actually entered into one, according to the American College of Financial Services.
The school's survey, the results of which were released Monday, found that 44% of respondents considered drawing home equity in retirement, though only 25% were comfortable using it as a source of *regular income.
Passy, Jacob, "Most Seniors Don't Want Reverse Mortgages, Poll Finds" (2016). In the News. 1385.