HECM

Experts: Home equity is key to solving the country’s looming retirement crisis 

As Baby Boomers continue to retire en masse without sufficient savings to support their later years, it’s become glaringly apparent that the country is on the brink of a retirement crisis. But many older Americans do have one major source of wealth at their disposal: their house. And for some, utilizing their home equity through a reverse mortgage could be the answer to their late-in-life money problems, leading some experts to call the HECM program important public policy.