Think Retirement is Out of Reach? Think Again

Put worry from financial uncertainty aside.

If you haven’t made a strong financial plan for your retirement, one that completely covers your needs and one that you understand, retirement becomes something to fear instead of something to look forward to. Ease worry and anxiety about financial uncertainties or gaps in your existing retirement plan by taking action, today, and working with us to map out the next steps for your retirement.

There’s no time like the present to make a plan. 

Retirement seems much less daunting when you’ve explored your option and taken control of your own financial future.  With FAR, that means gaining understanding, clarifying concerns and questions, and outlining the path of your personal financial plan clearly and more approachable. We have a variety of tools and an expert team that you can access to help you make that plan, and put it into motion so you can find a way forward.

Know exactly what all your options are. 

Banish common misconceptions you may have about what a reverse mortgage can be used for, and what specifically it is.  Many overlook a reverse mortgage as part of their financial planning for retirement because they simply don’t know what a great financial solution it is, or because vague stigma steers them away.  Understanding the ways that a reverse mortgage can be a helpful financial tool will broaden the possibilities for your retirement and help you take the next step towards your goals.

See the future in a new light. 

A reverse mortgage gives you an opportunity to reframe your retirement and realize the dreams and plans you had for your retirement. With the expert help from our team, you can have a clear understanding of your financial options that will allow you to visualize the future in a new way. Get inspired to renovate your home, increase your buying power when looking for a new home or relocating, or finally plan a long-imagined trip.

Take control of runaway bills.

A FAR reverse mortgage gives you the power to pay off lingering high interest loans, pay off expensive medical bills, and to lower your overall monthly expenses.  If your large bills seem overwhelming and disorganized, FAR can help you reclaim your life by giving you a way to manage them at this phase you’re your life.

Use a reverse mortgage to manage medical expenses.

If you don’t qualify for or can’t afford long term care insurance, but are reasonably concerned about the expenses or long-term care and wish to age in place, a reverse mortgage can fun future in-home care, or be used to pay the premiums on your existing policy. Pay for in-home care without needing to impose on relatives, purchase insurance, or use a reverse mortgage to cover unplanned medical costs.

Have a reliable line of credit.

You might never need to access the funds, but a reverse mortgage can provide a comfortable emergency fund – after the initial loan costs, the ongoing costs are based on the funds borrowed, making carrying costs very low if the borrower does not choose the use, or does not need to use, the funds from the loan. Funds you draw increase the balance of the load, but funds left in your line of credit actually accrue interest. Credit is open-ended meaning that after the first year of your loan, your funds can be borrowed, payed down, and borrowed all over again if need be. What does this mean for you? A flexible, reliable line of credit that’s ready and waiting to meet your future retirement needs, whatever they may be.

Build confidence in your own financial future.

The variety of uses for a reverse mortgage means that if you are uncertain of your retirement finances, we can help you make a new plan that works for you. If you are inspired by ideas of downsizing, upsizing, or relocating and don’t want to use existing savings to make a change, a reverse mortgage can help. A reverse mortgage is a flexible financial tool that can be used to shore up the gaps that keep you from confidence, wherever they may be found.

It’s a financial tool that you can take advantage of now.

There is no guarantee that you will qualify for a reverse mortgage in the future, and a FAR specialist can help you find out if you meet the requirements and if a reverse mortgage is a good option for you today. You don’t have to put off knowing all your options or miss the opportunity for a strong financial plan.

This article is intended for general informational and educational purposes only, and should not be construed as financial or tax advice. For more information about whether a reverse mortgage may be right for you, you should consult an independent financial advisor. For tax advice, please consult a tax professional.