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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Retirees, are you looking for an alternate source of cash flow?
In challenging times, homeowners should look at their options to supplement their retirement cash flow needs. Reverse mortgages are offering outside-the-box cash flow options for people that are 62 and older. Generating retirement cash flow has rarely been as challenging as it is right now, thanks to a combination of...
Reverse Mortgage for Purchase: Down Payment Explained
A major draw of the home equity conversion mortgage (HECM) for purchase is that it allows homebuyers age 62 or older to purchase a new principal residence using loan proceeds from a reverse mortgage. This home buying process is a bit different from purchasing a home with a traditional mortgage....
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