Update on COVID-19

Finance of America Reverse LLC (“FAR”) understands you may be facing unique hardships during this difficult time. Many borrowers who are currently experiencing financial distress related to COVID-19 may be eligible for some type of assistance. Please contact us for information regarding options that may be available to you. If you are impacted by COVID-19, please call 866-654-0020 and have your loan number ready for the Customer Service representative.

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Aim is to Educate Financial Planners on the Opportunities that Home Equity Solutions Provide Clients   

Denver, CO & San Diego, CA – April 21, 2020 – With U.S. housing wealth at a record $7.23 trillion, there is a tremendous opportunity for Americans to tap into their home equity to help secure financial freedom. That’s why the Financial Planning Association® (FPA®) and Finance of America Reverse (FAR), one of the largest reverse mortgage lenders in the U.S. and a leading provider of retirement solutions, today announced that they have entered into a strategic partnership to educate financial planners on the opportunities that reverse mortgages may present as part of a comprehensive financial plan.

 

FPA and FAR will launch a series of educational programs that provide unbiased home equity resources and insightful content to help CERTIFIED FINANCIAL PLANNER™ professionals demonstrate to their clients how the responsible use of home equity through reverse mortgages can be part of a diversified financial plan for qualified borrowers.

 

“I’m pleased FPA is partnering with FAR as the future of financial planning rests on the need to continue to question, evolve, and create new ways for financial planners to articulate their value, focus on the best interests of their clients, and transform lives through holistic financial planning,” says FPA Executive Director/CEO Lauren M. Schadle, CAE. “This partnership will position FPA and FAR as truly progressive leaders supporting the modern financial planner.”

As FPA’s exclusive reverse mortgage partner, FAR’s educational content and thought leadership will be shared across the FPA platform, including online educational programming (Case Study: Using Home Equity to Manage Risk and Case Study: Using Home Equity for Estate and Legacy Planning), and educational program at the 2020 FPA Annual Conference this fall.

“Americans are living longer than ever and we believe it’s critical for them to have a variety of options available when choosing how to fund retirements that are now lasting upwards of 30 years,” said Kristen Sieffert, FAR President. “As one of the largest reverse mortgage providers in the country we have a front-row view of positive outcomes this financial instrument creates for retirees and believe it should be considered as part of a diversified retirement approach. Teaming with FPA is a logical extension of FAR’s ongoing educational efforts and is particularly exciting because it provides another touchpoint to reach a critically important player in many Americans’ lives when it comes to retirement – the financial planner.”

Over the coming months, FPA and FAR will collaborate on additional educational initiatives and thought leadership programs that can benefit FPA members, their clients and the broader financial planning community.

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About the Financial Planning Association

The Financial Planning Association® (FPA®) is the principal membership organization for CERTIFIED FINANCIAL PLANNERTM professionals, educators, financial services professionals and students who are committed to elevating the profession that transforms lives through the power of financial planning. Through a collaborative effort to provide members with professional education, business support, advocacy and community, FPA advances financial planning practitioners through every phase of their careers, from novice to master to leader of the profession. Learn more about FPA at OneFPA.org and follow on Twitter at twitter.com/fpassociation.

 

About Finance of America Reverse LLC (FAR)

As one of the largest reverse mortgage originators, Finance of America Reverse is committed to empowering adults age 60 and over with the tools they need to achieve financial independence and get to work on retirement. Through its network of Reverse Mortgage Specialists, professional and wholesale partners, Finance of America Reverse offers reverse mortgage products designed to help older Americans include home equity in their retirement plans. The company is licensed nationally and is a proud member of the National Reverse Mortgage Lenders Association (NRMLA). For more information, please visit www.fareverse.com or find us on FacebookLinkedIn or Twitter.

MEDIA CONTACTS:

 

For FPA

Ryanne Harrah

RHarrah@OneFPA.org

P: 303.867.7151

C: 720.203.7007

 

For FAR

Caleb Barnhart

FAR@sloanepr.com

P: 212.446.1870

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.