Home Equity for Senior Citizens 16% Above Pre-Recession High

Seniors currently have $5.83 trillion in home equity, which is 16% above the pre-recession peak. Bankrate has a piece today detailing the new data, and what options it offers to senior citizens. President and CEO of the National Reverse Mortgage Lenders Association, Peter Bell, says “”For the millions of seniors without a pension, home equity is a valuable resource and can be an integral part of their retirement funding strategy.”

 

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