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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Impact of reverse mortgages on retirement planning
With the challenges of saving for retirement growing, some elderly end up being house rich and cash poor, with more equity locked up in their homes than available in liquid assets. Finance of America Vice President of Retirement Strategies Steve Resch joins the On the Move panel with Yahoo Finance...
Using a reverse mortgage as a financially savvy retirement planning tool
Today’s reverse mortgage can provide greater options and flexibility to your retirement plan.  These home equity loans were once viewed as a last resort for people age 62 and older to stay in their homes, but things have changed now that the retirement community is sitting on record levels of...
Your House Has Increased in Value, So What?
After my wife and I retired, we moved from San Francisco to beautiful Bainbridge Island in the state of Washington to be close to our two children and two grandchildren. We sold our condominium in San Francisco and came out with enough cash to be able to buy a new...
My Reverse for Purchase Story
Years ago, my wife and I looked into getting a reverse mortgage.  I was still working at the time, so we were just checking it out.  Fast forward to 2017.  We’re looking at downsizing on the one hand as, due to some family responsibilities, our finances had tightened. I’d lived...
Relocating in Retirement 
I never thought about retiring, until I had to. Actually, I was forced into retirement when the small, weekly newspaper I was writing for decided my services weren't needed any longer. My wife's design and printing business had been sold and based on our combined Social Security income, we realized...
Retirement Investing: How to Mitigate Risk
When you retire, your sensitivity to market volatility increases dramatically. Instead of falling back on your paycheck when the market is down, now you have to ride it out and withdraw from your investment portfolio to cover living expenses. This can increase the risk of running out of money in...