Determinants of Reverse Mortgage Usage in Malaysia

Mohammed Mohammed Ishaq () and Sulaiman Noralfishah ()
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Mohammed Mohammed Ishaq: Faculty of Technology Management Business, Universiti Tun Hussein,Onn, Malaysia
Sulaiman Noralfishah: Faculty of Technology Management & Business, Universiti Tun Hussein,Onn, Malaysia

Real Estate Management and Valuation, 2018, vol. 26, issue 3, 5-23

Abstract: This study aims to identify the factors that influence a household’s willingness to use reverse mortgage as a source of supplementary income in old age by adopting the original Theory of Planned Behavior (TPB) and extending it with three other additional constructs. Using a convenience sampling technique, a total of 391 valid questionnaires were used for data analysis. The data analysis was conducted using the SmartPLS software, version 3.2.6. The results suggest that the sense of attachment to a place, attitude, motive of bequest, social influence and perceived ability positively influence a household’s willingness to use reverse mortgage, while financial behavior was found to negatively influence the willingness to do so. The findings of this study extend the application of the TPB to the domain of reverse mortgage product.

Keywords: elderly; financial sustainability; housing; retirement; reverse mortgage (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:remava:v:26:y:2018:i:3:p:5-23:n:1

DOI: 10.2478/remav-2018-0021

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