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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Can a Reverse Mortgage Result in Foreclosure?
In rare instances, a reverse mortgage can end in foreclosure. However, the situations that lead to a reverse mortgage foreclosure are typically much different than traditional mortgage foreclosures. When homeowners think of foreclosure, they think of the most common reason traditional or forward loans end in foreclosure—failure to make the...
The Reverse Mortgage: is it Really That Complicated?
Is the Reverse Mortgage as simple as some claim? Or is it a highly complex financial tool? Well, both. The reverse mortgage is simple to understand but can become complex when using it strategically for retirement financing. A reverse mortgage is exactly what it sounds like: a mortgage in reverse. When...
Tips on Starting and Funding a Business in Retirement
You just retired from a long and fulfilling career, but spending your days gardening and watching reruns on TV doesn’t sound like the ideal retirement. You don’t want to get lazy and lose your edge - you’re not alone. Many retirees are finding a resurgence of motivation in their golden...
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,...
The Ideal Candidate May Surprise you
You see it all the time – articles about reverse mortgages that begin with “They are not for everyone”, and then the author describes an ideal scenario. Sadly, many perfect candidates won’t consider a reverse mortgage because misinformed authors and consumer advocates have painted the wrong picture of the product....
Right-Size Your Home for Retirement
I want to tell you about my experience with a reverse mortgage loan, and how it reshaped retirement for me.  My husband and I are baby boomers nearing retirement age, with a close-knit family of grown children and grandchildren.  We lived in the same area of Connecticut for over thirty...