This 2004 study from the National Council on the Aging explores the potential of using home equity to pay for in-home services. Reverse mortgages are specialized loans that enable seniors to tap their home equity while they
continue to live in the home. With an estimated amount of over $72,000 available on average to
older households from these loans, reverse mortgages can help impaired elders pay for several
years of daily home care visits, over a decade of out-of-pocket expenses and respite for family
caregivers, or substantial home modifications. /wp-content/uploads/2019/05/ncoa-expanding-use-reverse-mortgages-long-term-care.pdf