Tag: home equity

elderly man inserting credit card to ATM

The brief’s key findings are: Home equity, the largest asset for most households entering retirement, can be tapped by downsizing or by taking a reverse mortgage. Few households currently use either option due to behavioral and informational barriers, a preference to stay in one’s home, and high transaction costs. To the extent that behavioral and…

Model house and bank notes on a blue background

After decades of skepticism and reports of scandals, the tide appears to be turning on reverse mortgages.  The New York Times Business section recently led with a story on the revival of the reverse mortgage.  Even more significant, for the first time a commission examining the state of retirement in the United States emphasized t…