In the News

Title

Most Seniors Don't Want Reverse Mortgages, Poll Finds

Document Type

Article

Publication Date

5-23-2016

Abstract

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.