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Hipoteca Reversa

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  • Marcelo Abi-Ramia Caetano
  • Daniel da Mata

Abstract

O presente trabalho tem como objetivo descrever as principais características de uma “hipoteca reversa”, assim como discutir os principais aspectos relativos à sua implantação no Brasil. Uma hipoteca reversa permite a pessoas em idade avançada converter seu ativo imobiliário em um fluxo mensal de renda, sem a necessidade de vender o imóvel, realizar desembolsos financeiros ou de perder a titularidade do ativo. Em outras palavras, uma hipoteca reversa visa gerar renda para a população idosa sem que haja necessidade de se desfazer de seu imóvel. É uma modalidade de empréstimo em que o devedor fornece como garantia o imóvel do qual é proprietário, podendo receber os recursos de tal empréstimo de quatro maneiras: montante único, pagamentos mensais regulares, linha de crédito para o proprietário do imóvel ou uma combinação das modalidades anteriores. Este trabalho relata em suas seções alguns dos aspectos basilares de uma hipoteca reversa: definições e modalidades, objetivos associados ao produto, riscos envolvidos, dimensionamento do mercado brasileiro para o produto, principais lições das experiências internacionais e aspectos da adaptação do produto à realidade brasileira. This paper describes the main characteristics of “reverse mortgage” and it also assesses the main aspects related to its implementation in Brazil. A reverse mortgage is an equity release product that allows old people to convert their housing asset into an income flow, without the requirement of selling their house, making regular payments or losing the housing tenure. In other words, reverse mortgages aim to generate income to old people without losing the right to live in their houses. Reverse mortgage is a loan category against the house without requirement of regular payments. Mortgage proceeds can be paid as a lump sum, as regular monthly payments, as a credit line, or as a combination of the former alternatives. This paper describes reverse mortgage and its categories; it also states the usual aims and risks of a reverse mortgage. Furthermore, this article measures the potentialities for reverse mortgage in Brazil and it also presents an international comparison for this product.

Suggested Citation

  • Marcelo Abi-Ramia Caetano & Daniel da Mata, 2009. "Hipoteca Reversa," Discussion Papers 1380, Instituto de Pesquisa Econômica Aplicada - IPEA.
    • Handle: RePEc:ipe:ipetds:1380
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    References listed on IDEAS

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    1. Mitchell, Olivia S. & Piggott, John, 2004. "Unlocking housing equity in Japan," Journal of the Japanese and International Economies, Elsevier, vol. 18(4), pages 466-505, December.
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    Cited by:

    1. Eduardo P. S. Fiuza & Barbara Caballero, 2015. "Estimations od Generic Drug Entry in Brazil using count versus ordered models," Discussion Papers 0186, Instituto de Pesquisa Econômica Aplicada - IPEA.

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