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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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...
Waiting May Come at a Cost
When making big decisions, procrastination is only natural. Most people fight this battle every morning when they have to sort out which projects are IMPORTANT, and which projects are just EASY. Unfortunately, making estate planning decisions based on an understanding of Tax Law, Social Security strategies, Medicare guidelines, market conditions,...
Why More Financial Advisors Are Recommending Reverse Mortgages
Reverse mortgages have evolved since they were first introduced in 1961. Still, misconceptions persist about who they are for and who could benefit from this important financial tool. Some people incorrectly believe that reverse mortgages only apply to people with no other options, but that is incorrect. While it's true...
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