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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Brian of Quinebaug, CT
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Verified Reviewer
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Verified Customer
A reverse mortgage fits me well for what I wanted

A reverse mortgage fits me well for what I wanted and I found Finance of America Reverse online. I started with them and I liked how everything was going so I stayed with it. The application process was excellent. Everything was very good and went smooth. Including underwriting, the process took about six weeks. Everything was good with the loan officer too. I was very comfortable working with Mark and I was impressed with how he kept on things. He kept me informed on what stage the mortgage was at that particular time through the whole process. He kept me up-to-date on everything and I talked to him every two or three days. Also, the rate and terms of the reverse mortgage were excellent. I’m very pleased with Finance of America Reverse and everything in this experience was an A+.

     
Kelly of Dallas, TX
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Verified Reviewer
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Verified Customer
My mother had a previous reverse mortgage with Finance of America

My mother had a previous reverse mortgage with Finance of America and we redid it as the value of the property had gone up. The gentleman I worked with there was very helpful and he stayed in contact regularly. Applying with them was very simple and the rate they gave me was very competitive.

     
Barbara of San Jose, CA
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Verified Reviewer
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Verified Customer
I screwed up my finances and had a bad credit rating

I screwed up my finances and had a bad credit rating. I had read a lot about reverse mortgages and it was a way out for me ‘cause I’ve retired a couple times and I’m not working at the moment. Kevin from Finance of America Reverse did a cold call for me and he was a great support. I was so worried about my credit rating that I was really apprehensive, but he was enthusiastic and he walked me through it. Working with them made my life 10 times better. Now I don’t have to worry about going to debtors’ prison.

     
Donald of Santa Monica, CA
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Verified Reviewer
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Verified Customer
Finance of America Reverse was over the top in terms of satisfaction

Our experience with Finance of America Reverse was over the top in terms of satisfaction. We were thinking about refinancing to pay off some debts and came across their ad on the internet. The ad described the new, modern form of mortgage. I wanted to find out with no commitment and worked with a very nice guy. He sent me a package, but it didn’t have the right amount of money that I needed. It didn’t seem like the best program for me. Then I got a call from Jason who said they had many more packages and different kinds of programs. He asked if he could talk to me and I said yes.

Jason also sent me out a package. The interest rate was a little higher and there were some closing costs that they didn’t have with a normal mortgage, but there were all kinds of things about the new type of mortgage that work for a person like me. I was little top-heavy with credit card debt. I still had a significant mortgage and I have an expensive home in Santa Monica. A traditional refinance would require me to borrow some more money and I didn’t wanna go about that. Plus, assuming I passed away first, my kids would not necessarily want the house when my wife passes away.

My wife was skeptical and Jason talked to her independently. He also had my wife talked to her financial adviser independently. Her financial adviser also talked with Jason. Jason was nice and tremendous. He followed up the other day and made sure everything was fine. And when I have questions, he has been very helpful.

The new programs are very good because you own your own home. In the end, you’re gonna have a big mortgage if you choose not to pay some of these payments on a monthly basis, but that’s okay. What that means is the equity, which is substantial, may still be reduced because of the interplay between the equity and the amount of the mortgage.

Finance of America Reverse was efficient and worked through the process quickly. They needed two appraisals though, which is a silly requirement. Some of the appraisers in my life have just done a walkthrough because you don’t even need it. The house was inherently on a very expensive block in Santa Monica. It’s a good block with lots of equity. We have lots of equity but didn’t have a lot of free cash. We wanted to get the mortgage done. It was an absolutely liberating feeling.

We put the money into the debt and into retirement. We also put a little bit into a stock account. We feel really good. We could be making monthly interest payments, but we’re making them sporadically right now while everything gets set. I have nothing but resounding cheers. Finance of America Reverse is okay too, but Jason was out of the world in terms of being helpful. I would recommend him.

     
Mark of Overland Park, KS
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Verified Reviewer
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Verified Customer
I lost my wife to cancer a few years ago

I lost my wife to cancer a few years ago, and I incurred a lot of debt. I talked to other lenders and ended up going with Finance of America Reverse because the rep that I was paired up with, Matt, was super to work with. He made sure to communicate frequently and I knew what was going on the whole process. I would recommend them to anybody wanting to do the same thing.

     
Adam of Knoxville, TN
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Verified Reviewer
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Verified Customer
Finance of America Reverse LLC understood my financial needs

I obtained other reverse mortgage quotes from multiple vendors in this industry and Finance of America Reverse LLC understood my financial needs in retirement and produced the best contract. Charles ** of Carmel, Indiana office listened to what I was trying to accomplish and was always available to answer all my questions and devise a plan to solve this problem with quick service and documentation. I trust his professional honesty and answers and that of Finance of America Reverse LLC and would recommend others to get their reverse mortgage through this company and agent. I was assisted at each step through the process and he produced the reverse mortgage in a timely manner. All details of documentation such as insurance evidence, photos, appraisal, notary signing and contract copies were assisted. I have now received my first of many monthly payments direct deposited to my account.

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