Use Your Home to Stay at Home--Expanding the Use of Reverse Mortgages for Long-Term Care: A Blueprint for Action

Reverse mortgages are specialized loans that enable seniors to tap their home equity while they continue to live in the home. With an estimated average amount of over $72,000 available to older households from these loans, reverse mortgages can help pay for several years of out-of-pocket expenses. This project’s goal 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.