A Closer Look at Home Equity in Financial Planning

Numbers Indicate How Financial Planners Discuss Reverse Mortgages

In his white paper “Home Equity in Financial Planning,” Craig Lemoine, executive director of the Academy for Home Equity in Financial Planning at The University of Illinois at Urbana-Champaign, illustrates the need for home equity release programs. “The Academy of Home Equity in Financial Planning’s mission is to develop and advance, for retirees and their financial advisers, a rational and objective understanding of the role that housing wealth can play in prudent planning for retirement income,” says the 2020 report, which included detailed surveys of financial professionals. Lemoine also is an associate clinical professor of financial planning at the university. Here is a closer look at some of his findings that, in some cases, compare how a Certified Financial Planner operates compared to a non-CFP.