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.

Close This Alert
A A A
Is It Time to Refinance?
If you don’t already know, you can refinance a reverse mortgage to take advantage of lower interest rates, and higher real estate values. You can also refinance to add a spouse to the reverse mortgage. Interest rates are at historic lows, and real estate values have increased over the past...
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...
Reverse mortgage refinements make products easier
Reverse mortgage products continually evolve and have become solid financial tools that help retirees utilize home equity for cash-flow. Today’s reverse mortgage products are viable solutions that financial planner professionals find more appealing. This is according to Evelyn M. Zohlen, Certified Financial Planner, founder of Inspired Financial and chair of...
Baby boomers are looking at options for paying off mortgage debt
The number of American seniors carrying mortgage debt is growing, and that number is expected to increase as the COVID-19 crisis continues to displace workers and burden retirement accounts. The financial crisis hit millennials when they were preparing to enter the workforce as well, but boomers are especially pressured as...
Investment strategies using a reverse mortgage
In this time when people are looking at their retirement portfolios and thinking, "wait a minute, I don't want to have to work five extra years to recover," reverse mortgages have been an increasingly popular tool. They are expected to grow in popularity.   Everybody is watching what's happening and...
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...