- Optimizing Your Retirement
- Easing Retirement Worries
- Diversifying Retirement Investments
- Caring for Loved Ones
- Professional Partners
You worked hard for years and invested consistently and wisely. As a result, you have a high quality of life and have built up a healthy investment portfolio. You feel confident that you have the income to live well throughout your retirement years. Yet, as a savvy investor, you remain open to new ways to diversify your investments. Think outside the box and incorporate a reverse mortgage into your investment strategy.
If you have a high net worth and owe little to nothing on your primary home, you’re in the right place. If you worry that you may outlive your retirement funds, or if you or a family member struggle to pay necessary expenses, we may help you find a solution that meets your needs.
Most financial advisors recommend that adults in their 60s and beyond consider a higher ratio of low-risk investments. This ensures that a recession or a stock market downturn won’t deplete your life savings when you need it most.
However, most investors also want to make the most of their assets. Because adults in higher income brackets rely on investments, savings, and rental income at a higher ratio than lower-income households, it makes sense to seek out creative ways to increase income.
If you have multiple real estate properties, or if you are considering investing in real estate, a reverse mortgage can be a lucrative way to generate additional income. A reverse mortgage can also help you hang onto other investments. When another Bear market hits, you won’t have to sell other assets at depreciated values.
You have plenty of years left at retirement age. Why worry about cutting back on expenses or downsizing your home when you can tap into home equity to maintain your existing lifestyle?
A reverse mortgage enables homeowners and homebuyers age 62 or older to convert some of their home equity into cash or a line of credit. In some cases, you can also use the loan proceeds to finance a home purchase.
Unlike a traditional home equity loan or line of credit (HELOC), you don’t have to repay a reverse mortgage until the last surviving borrower (or a non-borrowing spouse who meets certain requirements) no longer lives in the home, or the home is sold.
Most high-income borrowers, especially those who own multiple homes, will still have equity and other investments to pass on to their heirs. However, we encourage you to involve family members in your decision.
As one of the nation’s leading reverse mortgage lenders, Finance of America Reverse (FAR) empowers seniors and Baby Boomers to live the life they want in retirement, with greater flexibility and peace of mind.
Because reverse mortgages are our primary focus, we won’t try to talk you into risky loan products. Our licensed Reverse Mortgage Specialists do one thing well—walk you through the entire reverse mortgage process. We will answer every question, no matter how detailed. After a thorough assessment, we will guide you to options that best suit your needs.
“Jan and I want to personally thank you for your expertise in assisting us (to) get our reverse mortgage. It has been a very interesting process from the get-go, we have learned a lot. It truly has been a pleasure to work with you, you are a real credit to your profession. Thank you so much.”
Gary & Jan, Denver, CO
“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
“Everything worked as promised and we are delighted.”
Bill and Melody, Nashville, IN