Turning Home Equity Into Income for Older Homeowners PDF Download

Author: Mary H. Parker
Publisher:
ISBN:
Category : Equity
Languages : en
Pages : 24

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Book Description

Author: Philip Leather
Publisher:
ISBN: 9781869839291
Category : Housing rehabilitation
Languages : en
Pages : 40

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Book Description

Author:
Publisher:
ISBN:
Category : Aged
Languages : en
Pages : 104

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Book Description

Author: Kristina Peterson
Publisher:
ISBN:
Category : Equity
Languages : en
Pages : 90

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Book Description

Author: Siobhan Austen
Publisher:
ISBN: 9781925083323
Category : Home equity conversion
Languages : en
Pages : 11

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Book Description
"This paper identifies the broad issues associated with the use of home equity to fund the consumption needs of retirees by reviewing the relevant international literature. The specific literature that examines the role of home equity in the retirement income system deals with attempts by government to shift a greater share of latelife costs onto households. An important part of this literature examines the broad economic consequences of shifting away from a public retirement income system, which features, for example, a partially funded age pension. Other relevant literature considers the decisions older households make about the use of their home equity and other financial assets to fund their consumption needs in retirement. This paper's review highlights important issues that must be considered in a policy change directed toward increasing the use of housing assets to fund consumption needs in retirement. These include the need to obtain a clear picture of the capacity of households to achieve meaningful improvements in their retirement income by accessing their housing, acknowledging the preference of elderly households to hold onto their home equity rather than draw down on it, and accounting for the risks and costs of encouraging households to access their home equity to fund their general consumption needs in retirement."--Abstract.

Author: Ken Scholen
Publisher: Ballinger Publishing Company
ISBN:
Category : Social Science
Languages : en
Pages : 328

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Book Description

Author: United States. Congress. Senate. Special Committee on Aging
Publisher:
ISBN:
Category : Home equity conversion
Languages : en
Pages : 68

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Book Description

Author: Lorna Fox O'Mahony
Publisher: Bloomsbury Publishing
ISBN: 1847319025
Category : Law
Languages : en
Pages : 311

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Book Description
The growing use of housing equity to support a range of activities and needs raises complex issues, particularly for older owners. In an environment in which older owners are pushed towards housing equity transactions to meet income and welfare costs, they are required to make choices from a complex and sometimes bewildering range of options. The transactions which facilitate the use of home equity as a resource to spend in later life - from 'trading down' and 'ordinary' secured and unsecured debt to targeted products including reverse/lifetime mortgages, home reversion plans and sale-and-rentback agreements - raise important legal and regulatory issues. This book provides a contextual analysis of the financial transactions that older people enter into using their housing equity. It traces the protections afforded to older owners through the 'ordinary' law of property and contract, as well as the development of specific regulatory protections focused on targeted products. The book employs the notion of risk to highlight the nature and causes of the 'situational' vulnerabilities to which older people are now subject as 'consumers' of housing equity, showing that the older owner's personal situation is crucial in determining whether and why they may seek to release equity, the options and products available to them, and the impact of harms resulting from adverse transactions. The book critically evaluates the extent to which this context is incorporated in the legal frameworks through which these transactions are governed, as a measure of the 'appropriateness' of existing legal provision, as well as considering the arguments surrounding 'special protection' for older owners in housing equity transactions.

Author: United States. Congress. Senate. Special Committee on Aging
Publisher:
ISBN:
Category : Home equity conversion
Languages : en
Pages : 68

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Book Description

Author: United States. Congress. Senate. Special Committee on Aging
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 1522

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Book Description