According to Jonathan Scarpati, the home equity wealth of senior homeowners exceeds $14 trillion, highlighting opportunities for reverse mortgages and home equity loans.
Scarpati emphasizes that retirement planning has shifted to longevity planning, making home equity access essential for seniors' financial security.
Senior-friendly financial products can help older adults age in place while utilizing their home value to manage retirement expenses and healthcare costs.
As the population ages, there is a significant demand for mortgage professionals to adapt to the evolving landscape of home equity products.
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