Aging in Place

aging_in_placeA home isn’t just a primary asset for many seniors. It’s a place they love and want to stay. More than 60% of retirees live in the same home they lived in when they retired, for a few reasons:

  • They love their home.
  • They love their community.
  • They have friends and family who live close by.
  • They want to keep their independence.

Studies show that retirees want to retain their independence as long as possible. A survey conducted by Merrill Lynch found that most retirees want to age in place.

  • 85% prefer to receive extended care in their own home.
  • Only 10% prefer an assisted living facility.
  • Only 4% prefer to live in a family member’s home.

With FAR as your partner, you’re not alone.

Retirees who own their own home can maximize that asset with a reverse mortgage. Homeowners and homebuyers age 62 and older can use tax-free* reverse mortgage proceeds to better enjoy the years spent in their home.

Receive these funds as a line of credit, as a steady income stream, or as a lump sum—the choice is yours.

If you plan to downsize your home or move closer to family, a HECM reverse mortgage can help finance that new home without an extra mortgage payment.†

* Not tax advice. Consult a tax professional.

† Payment of taxes, insurance, and property charges required

With FAR as your partner, you’re not alone. Contact a licensed Reverse Mortgage Specialist today to find out how to make the most of the home you love.

  • “I really appreciate the efficiency and friendly manner that both (my Reverse Mortgage Specialist) and (loan processor) have shown me through this whole process. I’m very impressed with Finance of America Reverse’s service.”

  • “Cliff and I are so grateful for you, as you are responsible for helping us to get out of the rut we had been in for some time. You went above and beyond with us to help us secure this opportunity to improve our quality of life in our senior years. It’s clear that you love what you do and truly care about your clients’ peace of mind and happiness. It’s been a pleasure working with you, we are forever grateful!

    P.S. Planning a little vacation to celebrate our new and improved quality of life!”

  • “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.”