New Reverse Mortgage Rules Open Door To A More Secure Retirement
Owning a home has always been part of the American Dream. Therefore it should be no surprise that home equity represents a large portion of the average retiree’s net worth according to the Consumer Financial Protection Bureau statistics. Now, as many Americans near retirement, properly leveraging that home equity will become a crucial part of a secure retirement plan. There are a variety of ways to tap into one’s home equity, such as downsizing, taking a traditional home equity loan, home sharing, entering into a sale leaseback arrangement, or entering into a reverse mortgage. However, each of these strategies is not suitable for every retiree.
Hopkins, Jamie Patrick, "New Reverse Mortgage Rules Open Door To A More Secure Retirement" (2015). Faculty Publications. 10.