Home equity conversion and the financing of long-term care.
Weinrobe, Maurice D
Date of Pub
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.
Aged : Financing, Personal/methods : Housing/economics : Human : Long-Term Care/economics : United States