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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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...
How a Reverse Mortgage Can Help Your Loved One
As baby boomers grow older, many households will seek ways to improve their monthly cash flow.
What to do when your older loved ones need financial help?
<p><a href='https://goo.gl/n9iZSK'><img src='https://www.fareverse.com/content/uploads/2017/03/family-finances-older-loved-one-needs-help.png' alt='What to do when your older loved one need financial help?' width='100%' border='0' /></a></p><p><strong>Image provided by <a href="https://goo.gl/Lt3o2Y">Finance of America Reverse</a>.</strong></p>