Reverse mortgages as retirement plans

• 16% – Percent of boomers who would consider a reverse mortgage to take care of their own long-term care needs and costs.
• 74% – Percent of boomers who are aware they are eligible at age 62 to apply for a federally-backed reverse mortgage.
• 25% – Percent of people born in 1946 who say they plan to move to another area for retirement.

Source: MetLife Mature Market Institute