Home Equity Can Improve Retiree Health
It’s
expected that the strategic use of home equity can provide financial relief for
retirees, however a new study co-authored by Ohio State University researcher
Stephanie Moulton finds that it could also benefit their health. Retirees who
had hypertension or heart disease used blood pressure levels to determine
whether their condition was under control based on what the medical profession
deems acceptable. As a result, the people who tapped into their home equity
were more likely to stay below these levels than those who did not.
This
is one of several studies in recent years to tie financial security to home
equity, a resource many retirees are reluctant to use. Withdrawing home equity,
researchers said, has “large, positive, and economically significant” health
benefits.
Take a look at this article and
learn more about how home equity can help improve the quality of life for
retirees.
To
find out more about reverse mortgage with Plaza Home
Mortgage®, visit our website,
or reach out to us at Reverse@plazahomemortgage.com.
Let’s explore adding this strategy as another option for your borrowers and
your business.
