New Mindset, New Objectives

Why Borrowers Take Reverse Mortgages

Apr 01, 2012 04:21 pm | Elizabeth Ecker | Reprinted From Reverse Mortgage Daily

Reverse mortgage borrowers are taking out reverse mortgages at a younger age according to a recent report by the MetLife Mature Market Institute and the National Council on Aging. Additionally, borrowers are using reverse mortgages for different purposes today versus several years ago.

Younger borrowers are using the loans to pay off debt more than in the recent past, the study shows.

The full report can be found at:

http://www.metlife.com/mmi/research/changing-attitudes-changing-motives.html#key%20findings