Stretch Retirement Savings

stretch_retirement_savingsAmericans live longer now than ever before. Will your retirement savings go the distance?

Many older adults have realized that they just might outlive their retirement savings. When unexpected expenses arise or you’re faced with early retirement, it becomes more important than ever to stretch your savings for many more years. After trimming expenses and reducing taxes, you may still come up short. If you are age 62 or older and own a home, you may have more retirement funds available than you think.

With a reverse mortgage, you can tap into home equity on a monthly or as-needed basis. This allows you to live your retirement dream for many more years. The income from a reverse mortgage may even allow you to delay collecting social security benefits, which will allow you to maximize that source of income.

Tap into funds only when you need them with a standby reverse mortgage. Unlike a home equity line of credit (HELOC), you don’t have to repay the loan for as long as you stay in your home.

Live your retirement your way. Contact FAR to find a reverse mortgage product that will help your retirement savings match your longevity.

  • “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 did my reverse mortgage in 2013 and it was one of the best decisions I’ve taken since I retired. Now I have additional income every month and the peace of mind that I won’t outlive my retirement income. (My FAR loan officer) was incredibly helpful and made the entire process extremely clear and simple.” 

  • “Everything worked as promised and we are delighted.”