Tag: homeownership
The brief’s key findings are: For a comfortable retirement, many households may need to tap their home equity but, currently, few take out a reverse mortgage or defer their property taxes. One reason may be that, if they move during retirement, they would have to pay back the loan and could be left with inadequat…
Abstract As retirees live longer, spend more on medical care, and get less income replaced by Social Security, many may need to tap their home equity to be comfortable in retirement. The most direct way to access home equity is downsizing, but few choose this option because they generally prefer to stay in their house.&nbs…
