Home Equity Lending May Get a Huge Boost with Senior Homeowners
November 22, 2017
Senior homeowners are expected to have a wealth of home equity to tap into as they reach re-tirement, according to a new study by the Urban Institute. The institute analyzed the Federal Reserve’s 2016 Survey of Consumer Finances released this fall and concluded that 3.3 million low- and moderate-income seniors have more than $775 billion in un-tapped housing wealth.