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 a Reverse Mortgage Can Help Your Loved One
Our parents and older loved ones are living longer than they expected. Unfortunately, their savings may not last with them. Today, about 45 million Americans are over age 65. That number is expected to more than double by 20601. Better healthcare and an increased awareness on healthy lifestyle has allowed...
What to do when a parent runs low on money
Caring for an aging parent or loved one is one of the toughest challenges we face. Family caregivers help with shopping, coordinate health care, and manage finances, among other tasks. Caregivers juggle these responsibilities around full-time jobs, raising kids, and running their own household. This takes a toll on one’s...
How Reverse Mortgages Are Putting Shine on the Golden years
There are multiple income streams that seniors can have during retirement. These can include pensions, dividend-yielding stocks, IRAs, 401ks and more. But one of the most overlooked income source? The home. Buying a home is usually the largest single purchase someone makes in their lifetime - which also makes it...
Have You Saved Enough for Retirement?
The baby-boom generation—adults born between 1946 and 1964—live longer than previous generations but save less. Simultaneously caring for parents and children, on top of paying for basic expenses, makes it difficult for many boomers to save. Mounting financial burdens leave boomers woefully unprepared for retirement. The Employee Benefit Research Institute...
Denver’s Villager Newspaper: Making sense of a reverse mortgage
Denver, CO, July 23, 2014 -- In an interview with The Villager Newspaper, Peter Bell, president of the National Reverse Mortgage Lenders Association (NRMLA), explains how reverse mortgages work, what’s new about them, and why people should start looking at their home equity as a financial asset. Says Bell, “The...
Dallas Morning News: Reverse mortgages are becoming a financial planning tool
Dallas, TX, July 16, 2014 -- In his syndicated column in DallasNews.com, personal finance and investments writer Scott Burns writes, “new research indicates that a reverse mortgage can be what they were hoped to be — another tool for managing retirement income and spending.” Read more.        ...