14% Of Retirees Consider A Reverse Mortgage, New Study Finds
The American College New York Life Center for Retirement Income
Reverse mortgages have grown in popularity in recent years as more retirees seek to cash out their home equity and secure their lifestyle and financial freedom during their golden years.
A reverse mortgage is a special kind of HECM loan that allows American homeowners age 62 and older to borrow against the equity in their homes with no payment due until after they have passed away.
Lazar, Michael, "14% Of Retirees Consider A Reverse Mortgage, New Study Finds" (2016). In the News. 1393.