Reverse mortgage, an instrument to help retirees

Claudio Pacella and Angelo Peppetti
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Claudio Pacella: ABI
Angelo Peppetti: 65Plus

BANCARIA, 2014, vol. 9, 70-75

Abstract: A reverse mortgage is a loan available to homeowners older than 65 years, that enables them to convert part of the equity in their home into cash, retaining the ownership of the home. It is conceived as a means to help retirees with limited income. In Italy, the Italian Banking Association and Consumers Associations have recently signed an agreement to define some general principles regarding the product’s offering

JEL-codes: G21 G28 (search for similar items in EconPapers)
Date: 2014
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