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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Three Reasons to Consider a Jumbo Reverse Mortgage
For many retirees, home equity is one of their greatest assets. Homeowners - age 62 and older - with higher-end properties have turned to proprietary “jumbo” reverse mortgages to unlock this valuable source of housing wealth, and for a variety of reasons. The majority of reverse mortgages available on the...
How a Reverse Mortgage Can Help Mom and Dad
Oftentimes, American families can be challenged when preparing for retirement. With the decline of traditional pensions and employee-sponsored retirement plans, many people who are leaving the workforce today are doing so without a strong financial safety net. In fact, according to a 2013 Merrill Lynch1 survey, running out of money...
Inside the HECM Reverse Mortgage for Purchase Process
A Home Equity Conversion Mortgage (HECM) reverse mortgage for purchase is a relatively new tool that allows borrowers to buy a new home with a reverse mortgage loan. The process is similar to a traditional, forward mortgage to purchase a new home. The borrower still needs to work with a...
Can a reverse mortgage improve your situation?
Distressed homeowners living alone Although many retirement dreams include relaxing and enjoying work-free days, the reality for many Americans is that retirement can sometimes be a stressful time. Between rising health care needs, home maintenance and repairs, or simply limited cash flow due to a fixed income, retirement can actually...
Are You Still Paying Off Your Mortgage in Retirement? 
Although you may be close to retiring, having a large mortgage balance to pay off may be extending your working years. Worrying about paying off your mortgage in retirement without your traditional income can be extremely stressful. But the good news is that if you are 62 or older and...
Live Alone? A Reverse Mortgage Can Help
If you are a senior homeowner who lives alone, you may likely face some ongoing challenges relating to your independent situation. A house can be a lot to manage, and finances can become overwhelming if you’re not accustomed to managing them. It can be difficult to recover an unexpected expense...