Reverse Mortgage Market Estimated At USD 2.71 Billion By 2030
San Francisco, 13 Nov 2024: The Report Reverse Mortgage Market Size, Share & Trends Analysis Report By Type, By Application (Debt, Healthcare Related, Renovations, Income Supplement, Living Expenses), By Region, And Segment Forecasts, 2024 - 2030 The global reverse mortgage market size to reach USD 2.71 billion in 2030 and is projected to grow at a CAGR of 5.9% from 2024 to 2030. A reverse mortgage is a financial product designed for seniors, typically aged 62 and older that allows them to convert part of their home equity into loan proceeds while retaining ownership of their home. The aging population retirement funding needs, and increasing home values and equity are major factors behind the growth of the market. In addition, increased awareness and education about reverse mortgages are contributing to their popularity, as more retirees become informed about how these products can enhance their financial stability. The population across the globe is rapidly aging...