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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Five Myths and Five Truths About Reverse Mortgages
Reverse Mortgages have been around for over 50 years and have gained quite a reputation in that time. Throughout their history, reverse mortgages have changed the lives of so many people. Still, there are a lot of misconceptions about them.  Here, we look at the top five reverse mortgage myths and...
Downsizing
As we get older and have to rely on a fixed income, many of us are looking at ways to reduce our overall living expenses. One obvious solution would seem to be downsizing from our current home. However, that may not always be the best idea. For one thing, moving...
Dispelling the Myths Surrounding Reverse Mortgages
Consumers are often confused about the concept of reverse mortgages and how they can benefit their financial well-being. Many misconceptions persist. Reverse mortgages are, in fact, an important financial tool that many retirees may find helpful as they map out their future. To help clear the air around reverse mortgages,...
Guide to Intelligently Leveraging Your Largest Asset in Retirement
When financially planning for your retirement, the main objective is to keep from running out of money in the later years. There is a significant portion of the retirement community that relies on portfolio securities as their primary source of income. These are often pre-tax accounts such as 401(k) plans...
Choosing Between Home Equity Line of Credit (HELOC) vs HomeSafe
The HomeSafe® Select is an adjustable product, which offers a standby line of credit. Borrowers who are considering a Home Equity Line of Credit (HELOC) will find that this may be a better alternative. It gives borrowers the freedom and flexibility to access funds as they wish by providing a...
Is a Reverse Mortgage Right for Me?
You may be asking yourself, “is as reverse mortgage right for me?” Without knowing all of the details, this can be a disconcerting question. Home equity is the largest source of savings for most people entering retirement, however few people understand how reverse mortgages work. This article sheds light on...
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