- 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.
“On behalf of my mother and myself, I would like to thank you for your professional and kind support, and I am confident that we made the right decision obtaining a reverse mortgage from you and your company. Your patience and your knowledge of the product and processes made obtaining a reverse mortgage as comfortable for us as possible. You will be highly recommended.”
Stan and Patricia, Dothan, AL
“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
“I would like to compliment you for the guidance you gave me during the Reverse Mortgage procedure. Your knowledge of the Reverse Mortgage procedure was evident in your clear, concise explanations. Any questions I asked, if you did not have the answer you researched it and got back to me in a timely manner. The rapport we built during this process made me feel very comfortable and it dispelled a lot of false rumors about a reverse mortgage….I would not hesitate to recommend your company and you as a Reverse Mortgage Specialist.”
Saundra, Hyde Park, MA