Reverse Mortgage Mailing Lists & Telemarketing Lists

As today's economic environment puts pressure on older homeowners to find new sources of retirement income and stretch their savings, growing numbers are starting to tap their housing wealth, using home-equity loans or reverse mortgages….and Dataman Group can provide marketers with the right list to reach this important market group!

A study by MetLife Mature Market Institute finds that 35% of older Americans see their homes not just as secure places to live, but also as collateral for a loan. About 14% are taking cash out of their house through a home equity loan or reverse mortgage. This is a growing reality for affluent households who seek to enhance their lifestyle, as well as middle-income families for whom it may be their only choice. Study findings indicate that older homeowners are using home equity to increase income security, enhance financial resilience to deal with unexpected expenses, and to improve debt management, among other things.

"Tapping home equity in a timely and appropriate way can keep small budget shortfalls from becoming overwhelming problems," said Barbara R. Stucki, Ph.D., director of the Reverse Mortgage Initiative for NCOA.  (see national counts below)

Age 62 & Older, by Wealth Status

                              Affluent       Middle Income                             Poor

                              House-rich &   House-rich or   Moderate   House-rich &   House-poor &

                              cash-rich      cash-rich       wealth     cash-poor      cash-poor

   Age of householder         69             70              73         76             76

   Home value                 $409,000       $175,000        $125,000   $350,000       $65,000

   Household income           $81,900        $49,800         $25,324    $12,468        $12,000

   Has no mortgage/home loan  48%            60%             72%        71%            79%

Source: NCOA calculations based on data from the 2007 American Housing Survey

         Median household values 

The study highlights different options for using home equity that are not part of the current national conversation. These include:

• The use of reverse mortgages to delay the age at which one might begin to collect Social Security, thus increasing the amount of one's ultimate monthly Social Security income.
• Reverse mortgages as a stopgap measure to consolidate credit card debt, to cover investment losses or to defer mortgage payments.
• Periodic distributions that would tap home equity to help people meet expenses if they outlive their savings/retirement income.
• Programs that combine public benefits with modest amounts drawn from home equity to help seniors stay at home.
• Home equity lines of credit for emergency spending, such as home maintenance, without which many homes decay and lose value.
• Reverse mortgages with a line of credit option for borrowers to pay out-of-pocket health and home care expenses. Borrowers only pay the amount they use from the loan.

"Our research on Baby Boomers indicates that they are more open than previous generations to tapping home equity and considering reverse mortgages to help fund their retirement," said Timmermann. "With the right guidance and policy protection, reverse mortgages can be an important financial option for Boomers who do not have adequate savings."

Dataman Group has the right lists to locate Reverse Mortgage prospects and marketers can select their prospects by age, home value, household income and estimated equity in the home.

We require a sample mailpiece for any list targeting homeowners Age 65+.

Pricing for our Reverse Mortgage List

Back to Dataman Group's Reverse Mortgage Product Information

Back to Mortgage Mailing Lists