Retirees’ Aging in Place Desires Don’t Include Reverse Mortgages
Jamie Patrick Hopkins
The American College New York Life Center for Retirement Income
While the majority of Americans wish to age in place, an overwhelming number either don’t understand or haven’t considered using a reverse mortgage in retirement.
Of those who are nearing, or in retirement, 83% want to stay in their home as long as possible, according to the Home Equity and Retirement Income Planning Survey by The American College of Financial Services.
Stramowski, Alana, "Retirees’ Aging in Place Desires Don’t Include Reverse Mortgages" (2016). In the News. 1383.