The scope for poverty alleviation among elderly home-owners in the United States through reverse mortgages

Auteur :
KUTTY, N.K.

Description :
A reverse mortgage is a loan secured against the home equity owned by the borrower. The elderly borrower is allowed to use the home as a principal residence for as long as he wishes. The A. computes the monthly payments by simulating the tenure plan of the HECM reverse mortgage product which is sponsored by the US Department of Housing and Urban Development. The poverty rate of elderly households can be reduced by means of reverse mortgages.


Type de document :
Article de périodique

Source :
Urban studies (Harlow), issn : 0042-0980, 1998, vol. 35, n°. 1, p. 113-129, Collation : Illustration, Références bibliographiques : 31 ref.

Date :
1998

Editeur :
Pays édition : Royaume-Uni, Harlow, Longman Group