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The HomeSafe® suite is a retirement planning tool for savvy and progressive homeowners. It is a mortgage designed to leverage your home equity in your retirement years while you maintain ownership of your home. Use it for:
Home renovations
Traveling your bucket list
Buying a second home
Portfolio protection & debt consolidation
Home equity is a powerful asset. Do not overlook it. Use your equity as a key component in your overall retirement plan and learn how HomeSafe can be the unconventional solution right under your roof.
Thinking about accessing your equity? It’s important to know the key differences between a Home Equity Line of Credit and a HomeSafe Select Line of Credit.
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You still own your home and your name remains on title |
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No monthly mortgage payments** |
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Your loan will not be called early and generally cannot be frozen |
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The loan does not need to be repaid until the house is sold or is no longer your primary residence** |
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In the event of a default, you’ll never owe more than the home is worth, a non-recourse loan |
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No pre-payment penalties or annual fee |
As a leading Reverse Mortgage lender, Finance of America Reverse LLC (FAR)’s proprietary HomeSafe suite of products features flexible borrowing options — to help you write a better retirement story.
Fixed rate, best for those looking for low-cost or max-proceeds.
Best for borrowers who are looking for a line of credit.
Best for those who want to keep their first mortgage.
Questions or complaints? Email us at
customerrelations@financeofamerica.com
These materials are not from HUD or FHA and were not approved by HUD or a government agency.
©2021 Finance of America Reverse LLC is licensed nationwide | Equal Housing Opportunity | NMLS ID # 2285 (www.nmlsconsumeraccess.org) | 8023 East 63rd Place, Suite 700 | Tulsa, OK 74133 | AZ Mortgage Banker License #0921300 | Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee #23647 | Kansas Licensed Mortgage Company | Massachusetts Lender/Broker License MC2285: Finance of America Reverse LLC | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker -- NYS Banking Department where Finance of America Reverse is known as FAReverse LLC in lieu of true name Finance of America Reverse LLC | Rhode Island Licensed Lender | Not all products and options are available in all states | Terms subject to change without notice | For licensing information go to: www.nmlsconsumeraccess.org When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. The lender may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and the lender charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner’s insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.
Questions or complaints? Email us at customerrelations@financeofamerica.com
