Faculty Publications


Reverse Mortgages: An Important Retirement Income Tool

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If, after considering other housing options, you have decided to remain in an eligible home or to move into a new eligible home, you may want to consider a Home Equity Conversion Mortgage (HECM—commonly pronounced “heck-um”)—more commonly known as a “reverse mortgage”—as a source of retirement spending. The vast majority of reverse mortgages in the United States are HECM reverse mortgages, which are regulated and insured through the federal government by the Department of Housing and Urban Development (HUD) and the Federal Housing Authority (FHA).