https://courtneyrollinsmain.carrot.com/blog/ep-91-reverse-mortgages-staying-at-home-to-pay-for-long-term-care-estate-pro-service-llc%ef%bf%bc/
Many seniors are seeking ways to pay for long term care. Oftentimes families consider ways to pull equity from their home or property to fund the needed care. In recent years, reverse mortgages have become a product seniors have turned to to support their needs. According to Maurie Backman, “Steve Irwin, President of the National Reverse Mortgage Lenders Association, reports that these loan products are becoming increasingly popular. “We saw a 34% year-over-year increase in reverse mortgage volume to over 43,000 loans in 2020,” he says, ‘and we anticipate a similar increase in production in 2021.’"
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