aging in place Archives - Finance of America Reverse

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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Let's get to work on retirement

We are here to answer all your questions.
What are you looking for?*
- I want to start a reverse mortgage application
- I want to understand retirement tools and what’s right for me
First Name*
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State
Are You 62 or Older?*
- Yes
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What is the Value of Your Home?*
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- Give me a call
- Email me more information
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Thank you for your interest! Please call us at 855-421-4745 for more information on how we can help!

FAReverse LLC i/l/t/n Finance of America Reverse LLC is Licensed Mortgage Banker in the State of New York, but this site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

By submitting this request for information, I hereby provide my signature, expressly consenting to receive information by email or phone, via automated dialing systems, texting, and/or prerecorded messages, from or on behalf of Finance of America Reverse LLC and its fulfillment partners and may agree to receive other offers on the telephone number I provided above, including my wireless number, even if I am on a State or Federal Do-Not-Call list. I understand consent is not a condition of purchase and that I may revoke my consent at any time. I can revoke consent by calling FAR customer service at 855-421-4745, or contacting my loan officer.

Gardening Pains

I love to work in my garden. Now that the weather is turning, it's time to start planning what to plant and where. But first, I've had to clean out the flower beds, removing debris and removing roots and stems from annuals that grew out of control last year. That...

Golfing

Unlike many other parts of the country, the COVID-19 pandemic wasn't that restrictive where we live in Southern Utah. We were not quarantined at any time, just reminded to social distance, wear our masks and avoid anyone who may have symptoms of the virus. We have taken those precautions and...

Inspiring Life of the Month: DeeAnn

Welcome to Inspiring Life of the Month – a new blog series from FAR that celebrates borrowers unlocking extraordinary lives in retirement. Each month, we’ll dive deep within our great community and profile the lives, careers, and unique adventures of inspiring borrowers that are living-out retirement to the fullest. This...

Helping loved ones age in place

Are you a baby boomer that put your retirement plans on hold to help your parents during their golden years? You are not alone. Dubbed the "sandwich generation," we are the first generation that is tasked with assisting our parents, while still helping our grown children after college. According to...

Reverse Mortgage Changes Offer Protection for Spouses

Non-borrowing spouses now have additional protections when their older partner takes out a reverse mortgage. To qualify for a reverse mortgage, the borrower must be at least 62 years old. If the borrower is old enough to qualify for a reverse mortgage, but their partner is not, they can file as...

Aging in Place

It’s the home you raised your children in, the home you built careers and memories in. Maybe you’ve spent decades hosting family, friends, or coworkers in the carefully remodeled dining room, or perhaps your home is a quiet and familiar refuge from the fast-paced change of the world. For some,...

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