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Title
Home equity conversion and the financing of long-term care.
First Author
Weinrobe, Maurice D
Date of Pub
1988 Supp.
Pages
113-115
Volume
Supp.
Issue
N/A
Other Authors
N/A
Abstract
Home equity conversion for the elderly is a means for elderly homeowners to draw down a portion of their accumulated wealth without having to sell their homes and/or move. The instruments to convert equity have substantial promise for matching the expenditure needs associated with long-term care services. There have been no formal attempts to pair these potential revenues and expenditures, but the revenue instruments are evolving to a point where such combinations are realistic and reasonable. This article describes why and how such a match might work.
Abstract Continued
N/A
MeSH
Aged : Financing, Personal/methods : Housing/economics : Human : Long-Term Care/economics : United States
NTIS Number
PB89-188494