- Optimizing Your Retirement
- Easing Retirement Worries
- Diversifying Retirement Investments
- Caring for Loved Ones
- Professional Partners
Caring for a parent or another loved one is one of the most challenging responsibilities we face. Family caregivers manage home medical care, coordinate with insurance providers, and manage finances. You do it all, selflessly, with your loved ones’ best interests at heart.
If you want to optimize your retirement or put an end to your financial worries, FAR can help. If you want to explore innovative ways to build on your investments, we have a solution.
Caregiving demands a great amount of time, patience, and love. Caregivers also have to delicately balance their loved ones’ needs with their own. For all of its rewards, caregiving places incredible stress on the giver. Common concerns include:
To ensure that their loved ones receive the best care, many caregivers seek out support groups and other outside resources for advice and to help ease the workload.
Finances are no different. If you are caring for a loved one, you can give him information about an often-overlooked financial resource—a reverse mortgage. A reverse mortgage may help your loved one cover medical and living expenses without sacrificing quality of life.
With a reverse mortgage, your loved ones can borrow against what may be their most valuable asset—their home. A reverse mortgage allows homeowners to convert a portion of their home equity into tax-free* funds.
Your loved ones can take the proceeds as a line of credit to cover unexpected medical expenses; as monthly advances to ensure a comfortable lifestyle; or as a lump sum to pay off any outstanding debt. Your loved ones don’t have to repay the loan as long as they live in their home.
Finance of America Reverse (FAR) is one of the leading reverse mortgage lenders in the United States. We empower homeowners and homebuyers age 62 and over with the tools to achieve financial independence.
Get the support you need to care for your loved ones.
* Not tax advice. Consult a tax professional.
My Reverse Mortgage Specialist “walked me thru every step of the process—making sure I understood all transactions. He answered any question and concerns—explaining it as many times as it was necessary. He always returned calls…he cared and was concerned about you, not just the loan. All his efforts and actions gave me confidence in him and the company he represented.”
Ursula, Melbourne, FL
“Everything worked as promised and we are delighted.”
Bill and Melody, Nashville, IN
“I did my reverse mortgage in 2013 and it was one of the best decisions I’ve taken since I retired. Now I have additional income every month and the peace of mind that I won’t outlive my retirement income. (My FAR loan officer) was incredibly helpful and made the entire process extremely clear and simple.”
Nancy, Los Angeles, CA