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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.
“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
“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
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