Quarter of Seniors Open to Reverse Mortgages, Other Equity Release Strategies
Jamie Patrick Hopkins
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.
Spanko, Alex, "Quarter of Seniors Open to Reverse Mortgages, Other Equity Release Strategies" (2017). In the News. 2548.