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Financial stress pushes more Americans to consider reverse mortgages

Trust & Will says 54% of Americans report their financial anxiety is at an all-time high, and senior homeowners with paid-off mortgages are increasingly exploring ways to tap home equity.

Reported · Written up by our desk · Mortgages

HousingWire reports that Trust & Will CEO Cody Barbo says rising financial anxiety is reshaping how Americans think about estate planning and how they may fund retirement and caregiving, with reverse mortgages among the tools senior homeowners are considering.

Barbo cited Trust & Will’s 2026 Financial Advisor Report, which found 54% of Americans are experiencing the highest level of financial anxiety the company has measured, a figure he said has increased over the prior 12 months as costs have risen broadly.

He said many baby boomer homeowners hold substantial housing equity because many paid off their mortgages and saw home values increase significantly over the past decades, creating liquidity they may use for expenses such as home renovations or helping adult children.

In the interview, Barbo added that opportunities for mortgage professionals may overlap with estate planning conversations as consumers look for ways to manage financial stress alongside long-term planning for their families.

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