Home Equity, If Used, Offers Big Boost to Retirees’ Income

If converted to income, untapped home equity for seniors in the United States and 10 European countries could make for a significant supplement to retirement income, according to data released by the Urban Institute and highlighted in a blog post at the Boston College Center for Retirement Research (BCCRR). “The typical retired U.S. household has […]

Retirees Increasingly Prone to Late-Life Financial Difficulties

Retirees are prone to disruptive late-life financial risks as life expectancy grows, including widowhood, financial mistakes attributed to a decline in cognitive abilities and high out-of-pocket healthcare expenses. This, according to a new brief released by the Center for Retirement Research (CRR) at Boston College. While currently-available research literature indicates that these kinds of financial […]

How States Could Use Home Equity to Help Seniors Defer Property Taxes

A property tax deferral program that lets homeowners use some of their home equity to supplement their retirement income could present a novel twist on equity extraction, according to a new brief from the Center for Retirement Research (CRR) at Boston College. Though such a deferral does not offer as much access to home equity […]

Friday Round-Up: Ocwen Gets Sued, Reverse Mortgage Research

In recent reverse mortgage news, researchers revealed there’s no reason older Americans should be avoiding reverse mortgages, and a multi-state mortgage servicer was slapped with a lawsuit. The media also continued to shed a positive light on reverse mortgages this week. As a wrap up to your week, here’s a recap of the most-read RMD […]