California is home to more than one-third of the country’s reverse mortgages, with more HECM loans than the next three largest markets combined. What makes reverse mortgages so popular in California? There doesn’t appear to be one single answer. Rather, it’s likely a confluence of unique economic, structural and cultural ingredients that, when combined, give rise to an environment where utilizing home equity to support your retirement years just makes sense.
Click here to read more about California's reverse mortgage market in the March issue (page 22).
