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If you struggle to manage healthcare costs, you are not alone. If you are a homeowner or homebuyer age 62 or older, however, you have an excellent potential income source at your disposal—home equity.
A reverse mortgage from FAR can give you the extra finances you need to pay down medical debt. Pay bills quickly to avoid unnecessary late fees and interest. Set aside some reserves to cover future medical costs or long-term care.
FAR’s experienced Reverse Mortgage Specialists will walk you through the entire process. We aim to deliver superior customer service from your initial inquiry to closing.
Americans age 55 to 64—the heart of the baby boomer generation—face a number of chronic health issues. Yet, they are also living longer, which means high healthcare costs for many more years.
The Centers for Disease Control and Prevention reports these alarming health statistics:
Although Medicare will cover many of these adults within the next 10 years, Medicare doesn’t cover everything. Serious illness, emergency surgery, or long-term care needs can financially devastate many homeowners.
With rising prescription drug costs, many older adults struggle to pay for necessary medications, much less an unplanned hospital bill.
“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.”
Meredith, San Diego, CA
“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.”
Saundra, Hyde Park, MA
“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.”
George and Gracie, Lyford, TX