The U.S. Population is Aging—and Fast
In 2020, nearly 56 million Americans, or about 1 in 6 people, were age 65 or older. That number
has jumped 38.6% since 2010, marking the fastest growth rate in a century. And it’s not slowing
down. By 2050, the senior population is projected to reach 82 million, with almost a quarter of
the total U.S. population being 65 or older. As more people move into this stage of life, we’re
seeing a shift in how they think about homeownership and financial freedom.

Reverse Mortgages: A Tool for Aging in Place or Downsizing with Confidence
We spoke with Mary Krueger at Origin Point about how a reverse mortgage can be a valuable option for eligible homeowners looking to stay in their homes comfortably or downsize without depleting their savings. Here’s how it works: qualified borrowers can access the equity in their homes without taking on monthly mortgage payments. For some, this means staying in the home they love with added financial flexibility. For others,
the Home Equity Conversion Mortgage (HECM) for Purchase program opens doors to a new
home without having to fully deplete resources for a large down payment—while also avoiding
monthly mortgage payments. Unlike a traditional mortgage, a reverse mortgage doesn’t require repayment on a set schedule. Instead, the balance and interest become due only when the last borrower leaves the home or
passes away, making it a potentially smart choice for those looking to maximize their resources
during retirement.

A Safer, More Regulated Option than Ever Before
Reverse mortgages have evolved significantly. Increased government oversight and new
regulations have made these loans safer and more secure for borrowers. Although some myths
still linger, the U.S. government has introduced robust consumer safeguards to ensure that
reverse mortgages are now a more viable, reliable financial planning tool for older homeowners.
If you’re curious to see if a reverse mortgage might be the right choice for you or a loved one,
contact our Reverse Mortgage Certified lender, Mary Krueger, at 703-597-6279 or
Mary.Krueger@OriginPoint.com for a free, no-obligation consultation. Whether you’re
considering aging in place or exploring a fresh start, understanding all of your options is the key
to making the right move.

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