- Optimizing Your Retirement
- Easing Retirement Worries
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- Caring for Loved Ones
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It’s difficult to watch your loved ones struggle with their health and independence. According to AARP, about 87 percent of adults age 65 and over want to stay in their current home and community as they age.
To do so, they may not only need your care, but also help from outside caregivers. They may need to make modifications to their home to accommodate physical limitations. They may also have medical bills piling up that you’re not aware of.
To ensure your loved ones stay in their homes as long as possible, talk with them about using their home equity to their advantage—with a reverse mortgage.
A reverse mortgage draws on a portion of their home equity. Homeowners and homebuyers make no loan payments† for as long as they stay in the home. They can take the proceeds as a lump sum, a line of credit, or as a monthly income stream. Use it to pay down debt, hire in-home care and other support services, or remodel the bathroom to accommodate their needs.
With a reverse mortgage, your loved ones may be able to stay in their home comfortably for years to come.
Meet with one of FAR’s licensed Reverse Mortgage Specialists to find out what options are available for your loved ones. Our team will answer your questions and help you devise a plan to help your loved ones to maintain independence as they age.
† Payment of taxes, insurance, and property charges required
My Reverse Mortgage Specialist “worked with me and was very professional throughout the whole process…she was very kind and respectful…Even though I have never seen her, I feel like she was someone I have known my whole life.”
Janice, Florence, 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