Update on COVID-19

Finance of America Reverse LLC (“FAR”) understands you may be facing unique hardships during this difficult time. Many borrowers who are currently experiencing financial distress related to COVID-19 may be eligible for some type of assistance. Please contact us for information regarding options that may be available to you. If you are impacted by COVID-19, please call 866-654-0020 and have your loan number ready for the Customer Service representative.

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How homeowners can use reverse mortgages for retirement income
Here’s when it makes sense to borrow against the value of your house instead of selling Seniors in the U.S. are sitting on a record $7.19 trillion in housing wealth, according to the National Reverse Mortgage Lenders Association. While not historically part of a well-balanced retirement plan, tapping this home equity...
Chart a course for retirement
People are living longer than ever, and that has a tremendous impact on retirement planning; people have to plan on funding thirty-year or longer retirement periods. With so much potential time in retirement, planning becomes essential. You will need to build a financial cushion to have a comfortable and secure...
Elders In Action (EIA)
Several months ago, I received an email announcement that after 22 years, Elders in Action (EIA), an organization I volunteered with as a student intern, was ceasing operations. I was blown away, as Elders In Action (EIA) was a fantastic operation.   EIA served a tri-county area in and around...
Story writing
These are the questions that should be answered by anyone putting words on paper.   Many years ago, I taught elementary school, third and fourth grades, in a rural school in Central Iowa. The students loved to hear stories, read stories, and even write their own stories. I would ask...
“The Social Network” 2020
Sitting outside a Lululemon in a local mall, waiting for my wife, I noticed an older gentleman sitting next to me who was on his computer tablet engrossed in a Facebook posting. He smiled as he continued typing.   I assumed that he, too, was waiting for his wife. So...
Changing age norms
Age norms are pretty much what they say they are: society's expectations for individuals at different ages in their lives. Age norms are similar across the board, but they will differ by somewhat based on a person's socioeconomic class. The age norms and timetables relevant to my family background are...