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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How a reverse mortgage can help in a divorce situation
Sheltering in place with another person for months-on-end can be extremely difficult. As couples self-isolate due to coronavirus, lawyers expect a rise in divorces. The increased divorce rate applies to newly married couples and seniors alike. Marriage splits between Americans age 50 and older have been on the rise in...
You may be surprised at how people are using today’s reverse mortgage
In the past, people used reverse mortgages as a last resort when they became cash-strapped in retirement. However, now that baby boomers are sitting on record levels of home equity, retirees and investors are using the reverse mortgage as a financially savvy tool. With increased consumer protections and lower set-up...
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