Page 3 - WSAAG052_Your Guide to Reverse Mortgages Booklet
P. 3
Quick Facts
More than 1 million homeowners 62 and over have used
1 a HECM loan to age in place. (U.S. Dept. of Housing and
Urban Development, HECM Endorsement Summary
Report, 2017) .
77% of most retirees’ net worth is tied up in their homes
2 (marketwatch.com, Should you use a reverse mortgage in
retirement?, 2017).
Home equity levels for homeowners aged
3 62 and older grew to $7.1 trillion in the fourth
quarter of 2018.
(NRMLA/RiskSpan Reverse Mortgage Market Index (RMMI) Q1 2000 - Q4 2018)
Your Guide to a Better Retirement 3
