We're about a third of the way into June and that seems the perfect time to remind everyone that June is National Homeownership Month. People who get a reverse mortgage loan frequently do so for the purpose of being able to remain in their homes after retirement despite rising costs of living. This is because owning a home is the American Dream and people want to be able to keep living that dream as they age. National Homeownership Month celebrates their right to do that.
National Homeownership Month isn't specifically designed to honor those retirees who are homeowners. Instead, it is intended to reflect the commitment of this country to providing equal access to housing for all people. When it was introduced by the president in 2002, the focus was on increasing minority home ownership in this country. However, it is also important to celebrate the aging adults who can keep their homes because of the reverse mortgage and who would otherwise lose ownership of their homes due to the high costs of keeping a home after retirement.
Question of the Day: What can be done to celebrate National Homeownership Month?
