Easing Retirement Worries

Does the thought of retirement keep you up at night with worry instead of excitement? Most Americans face some anxiety as they step into a new phase of life. But for those who struggle financially during their working years, the idea of not working at all causes incredible stress.

If you want to optimize your retirement, or if you are caring for loved ones with retirement fund questions, FAR can help. If you want to explore innovative ways to build on your investments, we also have a solution.

Financial Fears? You’re Not Alone.

Most of us face some sort of money worry. As retirement nears, those concerns escalate for many of us. Common areas of concern include:

  • Living alone. How will I carry on after the loss of a spouse?
  • Managing healthcare costs. How will I pay for necessary prescriptions or an unexpected hospital stay on a fixed income?
  • Aging in place. How can I stay in my home as long as possible?

If your retirement worries revolve around any of these issues, you are not alone. Nearly half of American families have no retirement savings at all.

Many of these individuals have only one asset: their homes. Fortunately, Finance of America Reverse (FAR) offers solutions that allow you to live well throughout retirement without tacking on another bill to pay.

A Reverse Mortgage Could Be The Answer

A reverse mortgage allows homeowners and homebuyers age 62 and older to tap into their home equity to supplement social security payments and retirement income. Use reverse mortgage proceeds like a line of credit to pay for unexpected medical expenses or to provide extra monthly income, tax-free*.

With a reverse mortgage, you can continue to live in and own your home. And unlike a traditional home equity loan or home equity line of credit (HELOC), you don’t have to repay the loan until the last surviving borrower (or a nonborrowing spouse who meets certain requirements) no longer lives in the home as their primary residence or the home is sold.

Why Should You Trust FAR?

At FAR, we make reverse mortgages our top priority. Our licensed Reverse Mortgage Specialists work with you through every step of the process to make sure you receive the best loan for your financial needs and goals.

* Not tax advice. Consult a tax professional.

We take pride in recruiting loan specialists that treat every customer with the highest level of respect. Take the first step toward stability with FAR.

  • 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.”

  • “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.”

  • “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.”