Announcing exciting improvements to our proprietary HomeSafe products. Finance of America Reverse LLC (FAR) will now offer ZERO origination fees on HomeSafe Standard, Save, Plus, and on the Flex option. Lender credits will also be offered to cover customary closing costs on brokered HomeSafe Standard and HomeSafe Plus!
*Total of 4mm including the 1st lien.
**Select indexes change weekly with the publishing of the 3-month WSJ rates, and the offered margin is subject to change. RATES ARE NOT LOCKED. After loan funding, the interest rate may adjust every 3 months. Floor 4.99%. Ceiling 3% above initial rate.
Please contact your AE for more information.
This article is intended for general informational and educational purposes only, and should not be construed as financial or tax advice. For more information about whether a reverse mortgage may be right for you, you should consult an independent financial advisor. For tax advice, please consult a tax professional.