Analysis of the Reasons for the Slow Progress of Reverse Mortgage

Abstract

Reverse mortgage is a kind of housing equity loan. As a retirement pension tool, it is used to mortgage the housing rights of the elderly to financial institutions to achieve the purpose of releasing the housing rights of the elderly, is an important supplementary pension insurance. Although reverse mortgages have been piloted in China for six years, the development of reverse mortgages in China has been severely hampered. This paper uses the qualitative analysis method to analyze the reasons why the current reverse mortgage loan is blocked in China from the perspective of policy system, reverse mortgage demand side and supply side by comparing the international reverse mortgage market with China's national conditions.