In the News

Title

Quarter of Seniors Open to Reverse Mortgages, Other Equity Release Strategies

Document Type

Article

Publication Date

12-18-2017

Abstract

Only about 25% of seniors feel comfortable using home equity as a source of supplemental income in retirement, according to a recent study — but one reverse mortgage advocate says that figure still represents a major opportunity for financial planners.

Pointing to a paper he published in the Journal of Financial Planning, professor Jamie Hopkins took to Investopedia to lay out key ways that seniors could use their home equity in retirement — including the Home Equity Conversion Mortgage option.