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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The New Safety Features of Reverse Mortgages
Reverse mortgages have been in existence for nearly three decades, and the good news is that they’re safer today for borrowers and lenders. If you have been considering a reverse mortgage, there are some new features designed especially with borrowers’ as well as the lenders’ protections in mind. Why the...
Reverse Mortgages: No Longer for Financially Distressed
Headlines of the past might have led one to believe that reverse mortgages were best used as a last-ditch effort to avoid financial distress. But many of today’s financial planners* say quite the opposite: Reverse mortgages can be beneficial for those who are financially savvy and are well-prepared for retirement....
What are the Terms, Payments, Potential Benefits and Costs of a Reverse Mortgage?
A reverse mortgage can be a great way to help improve a retiree’s financial situation. By tapping into home equity while you still live in your home, you may be able to improve your lifestyle without moving. You may have heard about reverse mortgages, but what are the terms, benefits...
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