The Influence of Family and Community Ties on the Demand for Reverse Mortgages

Dec 30, 2001 | by
  • Description

Reverse mortgages are loans against home equity that do not have to be repaid until the borrower moves, sells the home, or dies. The loans generally are available only to older homeowners, usually aged 62 or over. Evidence is found that family and community ties do influence demand for reverse mortgages.