English, Article, Journal or magazine article edition: A Primer on Reverse Mortgages Andrew D. Eschtruth; Long C. Tran

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Bookmark: http://trove.nla.gov.au/version/168790
Physical Description
  • preprint
Language
  • English

Edition details

Title
  • A Primer on Reverse Mortgages
Author
  • Andrew D. Eschtruth
  • Long C. Tran
Physical Description
  • preprint
Notes
  • 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...
  • RePEc:crr:jusfac:jtf-3
Language
  • English
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