A primer on reverse mortgages

Eschtruth, Andrew D., and Long C. Tran. “A primer on reverse mortgages”. Just the Facts 3, Chestnut Hill, Mass.: Center for Retirement Research at Boston College, October 2001. http://hdl.handle.net/2345/bc-ir:104524.
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Abstract

Housing equity is the most important asset for the vast majority of Americans. In principle, this asset might be used to support consumption in retirement. Reverse mortgages were envisioned as a mechanism that would allow older people to consume their housing equity without selling their homes. Yet this market is extremely small - less than one percent of qualified homeowners have a reverse mortgage. This brief provides an overview of reverse mortgages and explores possible reasons for their currently limited appeal...

Title
A primer on reverse mortgages
Author
Eschtruth, Andrew D.
Tran, Long C.
Center
Center for Retirement Research
Genre
report
Date Issued
October 2001
Publisher
Center for Retirement Research at Boston College
Series Title
Just the Facts
Series Number
3
Version Identification
Version of record.
Persistent Link
http://hdl.handle.net/2345/bc-ir:104524
Use Restrictions
These materials are made available for use in research, teaching and private study, pursuant to U.S. Copyright Law. The user must assume full responsibility for any use of the materials, including but not limited to, infringement of copyright and publication rights of reproduced materials. Any materials used for academic research or otherwise should be fully credited with the source. The publisher or original authors may retain copyright to the materials.
Subject
Financing retirement

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