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.

  • 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.”

  • “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.”

  • “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.”