Are Seniors Confident in Reverse Mortgages?

Making the decision to embark on a Home Equity Conversion Mortgage is a big step for plenty of seniors. However, a new report shows that only a quarter of seniors actually feel comfortable in using reverse mortgages.

"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," according to Reverse Mortgage Daily.

Hopkins does believe that with the recent changes and improvements to the reverse mortgage sector, it is still a viable option for seniors. He also includes a breakdown of reverse mortgages and some of the options that seniors have in terms of leaving properties to their children.

For more on this report, click on the image above.

#Seniors #ReverseMortgage #HomeEquityConversionMortgage #Stats #Numbers #Options

Recent Posts

Featured Posts

Follow Us

  • Grey Facebook Icon
  • Grey Twitter Icon

 Stay updated on the latest news, tips, and event info in the mortgage industry. 

  • Grey Facebook Icon
  • Grey Twitter Icon

© American Business Media, LLC.