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Reverse Mortgage Info Knowledgebase » Listing Details |
| ID: | 12 |
| Title: | Use Your Home to Stay at Home - Expanding the Use of Reverse Mortgages for Long-Term Care - http://www.ncoa.org/Downloads/ReverseMortgageReportPublications.pdf |
| Pagerank: | 5 |
| Description: | The purpose of this project is to outline the rationale for increasing the use of reverse mortgages for long-term care and to identify areas where government interventions may be able to stimulate the market. The analysis examined the unique ways that seniors treat home equity that may make this asset both useful and difficult to fund in-home services and supports. The report identifies limitations with the current products, along with the need for additional consumer protections to ensure that this product will be used appropriately by impaired, older homeowners. It includes options for administrative action, regulatory changes, and demonstration programs that policy makers could consider to help to change the dynamics and momentum of this financing strategy. |
| Category: | Academic Research: Reverse Mortgages: Healthcare and Long Term Care |
| Link Owner: | National Council on Aging |
| Date Added: | December 21, 2006 12:23:14 AM |
| Number Hits: | 6 |
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