Retirement living 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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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.
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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.

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...

Old Dogs, “New Tricks”

My wife and I were perusing Netflix and Amazon Prime for something to watch when we came across “New Tricks” on Amazon. The show, which aired on BBC (and later on public broadcasting in the US) is about three retired male policemen who are older adults, and their younger boss,...

Share How You’ve Rediscovered Your Home This Year and Win $250!

We've spent a lot of time in our homes over the last ten or eleven months. And, over the course of the last many months, we’ve read a lot of stories about the negative impacts for those shuttered inside their homes. So, we thought about creating an idea that could...

The Old Man on a Climber

I've been lucky in that the pandemic hasn't been totally disruptive for me. It's not been great, but I know it could be a whole lot worse. Nothing terrible has happened. One of the worst things, though, (and this is minor in the overall) is that I no longer go...

Reimagine Your Retirement Through Empowerment

Retirement should be a time in your life when you feel empowered to live how you want to. But, as retirement is associated with aging and growing older, some have negative perceptions around it. At the end of the day, the only thing we can control are our own attitudes...

What is Retirement, Anyway?? Can I have it My Way?

I come from what my mother called "good New England stock" but never got any siblings, so I have no sib experience to draw on for what most consider learning how to live with others - it has made me pretty independent, and very self-reliant, which is certainly standing me...

DISCOVER THE POSSIBILITIES

Finance of America Reverse

These materials are not from HUD or FHA and were not approved by HUD or a government agency.

©2022 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.

STATE OF ILLINOIS COMMUNITY REINVESTMENT NOTICE

The Department of Financial and Professional Regulation (Department) evaluates our performance in meeting the financial services needs of this community, including the needs of low-income to moderate-income households. The Department takes this evaluation into account when deciding on certain applications submitted by us for approval by the Department. Your involvement is encouraged. You may obtain a copy of our evaluation. You may also submit signed, written comments about our performance in meeting community financial services needs to the Department.

Questions or complaints? Email us at customerrelations@financeofamerica.com