- Optimizing Your Retirement
- Easing Retirement Worries
- Diversifying Retirement Investments
- Caring for Loved Ones
- Professional Partners
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.
Most of us face some sort of money worry. As retirement nears, those concerns escalate for many of us. Common areas of concern include:
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 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.
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.
“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
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
“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