Living Alone

living_aloneA little over 25 percent of retirees live alone according to a 2014 Pew Research Center study. With individuals leaving the workforce earlier—sometimes involuntarily—and living longer, these single homeowners have to draw from their nest egg for 25, even 30, or more years.

The same study found that adults 65 and older who live alone have more difficulty covering basic expenses. Single retirees have to pay the mortgage and all expenses themselves, which isn’t easy on a modest social security check and average retirement savings. Many single adults worry constantly over whether they will live comfortably throughout retirement.

To ensure that you have the income to live well during every one of your retirement years, draw upon your home equity with a reverse mortgage. The proceeds can provide steady income to ensure that you can easily cover basic expenses, plus even have a little left over for group outings, dinners with friends, and hobbies.

FAR’s licensed Reverse Mortgage Specialists will help you through the entire loan process. From application to closing, a trusted partner will stay by your side to answer questions and offer guidance that suits your individual needs.

With FAR, you’re not alone. Help starts here.

  • 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.”

  • “During the course of undertaking the reverse mortgage process, my wife and I found Finance of America Reverse to be most trustworthy, honest and able to deliver the final package. We could not have asked for a more representative person to provide us all the information in the process than (our loan officer). (She) is a very knowledgeable, patient, and courteous person. Above all, she conducted herself very professionally, a true professional. If she did not know the answer at the time, she would research and get back with you immediately. Communication and cooperation were never lacking through the whole process, this was very important to both my wife and I. During the closing process, we dealt with several different persons from the Finance of America Reverse (team) and we can honestly say that none failed us. Service was their number one objective. My wife and I would not hesitate to recommend (our loan officer) and (Finance of America Reverse). In our case, they were truly a GREAT TEAM.”

  • “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.”