Finance of America Reverse Mortgage
Telephone: (844) 434-2732
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Looking to write your next chapter in your retirement story? A HomeSafe® reverse mortgage can help you:
- Pay off existing mortgage
- Stay in your home long-term
- Increase your buying power for purchasing a new home or condo
- Supplement income for regular expenses
- Diversify overall retirement strategy
- Cover medical expenses
- Pay for in-home care
- Renovate your home
- Purchase insurance
- Go on the trip of a lifetime
- Start a new business
- Help your grandchildren pay for college
- Or simply have savings available for the future
Disclaimer
Richard W. McWhorter, NMLS 1618644, with McWhorter Mortgage, LLC, NMLS 1486483, is an independent reverse mortgage specialist exclusively serving Florida (FL LO-44137) and Georgia (GA 57530). With years as a CPA, real estate finance and residential development executive as well as a mortgage originator, he brings a perfect blend of experience, persistence and reverse mortgage knowledge to assist his 62 and over clients in securing their forever home, or just long-term financial peace of mind. Follow him on LinkedIn, the McWhorter Reverse Mortgage website or contact him directly at richard@mcreverse.com.
Finance of America Reverse LLC (FAR) is the top ranked reverse mortgage lender on Consumer Affairs. We are one of the oldest reverse lenders in the market today. FAR has been the #1 Wholesale reverse mortgage lender for 8 years and counting...
FAR is part of the greater Finance of America family of companies providing excellence in lending across residential mortgage, commercial, retirement, personal and student lending. Our foundation, Finance of America CARES, actively works to address the needs of seniors around the country.
Oregon Only: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. FAR may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and FAR charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner's insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.
©2020 Finance of America Reverse LLC is licensed in 50 states and D.C. | Equal Housing Opportunity | NMLS ID # 2285 | www.nmls.consumeraccess.org | 8023 East 63rd Place, Suite 700 | Tulsa, OK 74133 CNot all products and options are available in all states | Terms subject to change without notice | AZ Mortgage Banker License #0921300 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee | Illinois Residential Mortgage Licensee | Kansas Licensed Mortgage Company | MA Lender/Broker #MC2855 | Licensed by the Mississippi Department of Banking and Consumer Finance | Licensed by the New Hampshire Banking Department | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker — NYS Banking Department where Finance of America Reverse is known as FAReverse LLC in lieu of true name Finance of America Reverse LLC | Rhode Island Licensed Lender | HUD HECMS REQUIRE PAYMENT OF INITIAL AND PERIODIC MORTGAGE INSURANCE PREMIUM.
Richard W. McWhorter, NMLS 1618644, with McWhorter Mortgage, LLC, NMLS 1486483, is an independent reverse mortgage specialist exclusively serving Florida (FL LO-44137) and Georgia (GA 57530). With years as a CPA, real estate finance and residential development executive as well as a mortgage originator, he brings a perfect blend of experience, persistence and reverse mortgage knowledge to assist his 62 and over clients in securing their forever home, or just long-term financial peace of mind. Follow him on LinkedIn, the McWhorter Reverse Mortgage website or contact him directly at richard@mcreverse.com.
Finance of America Reverse LLC (FAR) is the top ranked reverse mortgage lender on Consumer Affairs. We are one of the oldest reverse lenders in the market today. FAR has been the #1 Wholesale reverse mortgage lender for 8 years and counting...
FAR is part of the greater Finance of America family of companies providing excellence in lending across residential mortgage, commercial, retirement, personal and student lending. Our foundation, Finance of America CARES, actively works to address the needs of seniors around the country.
Oregon Only: When the loan is due and payable, some or all of the equity in the property that is the subject of the reverse mortgage no longer belongs to borrowers, who may need to sell the home or otherwise repay the loan with interest from other proceeds. FAR may charge an origination fee, mortgage insurance premium, closing costs and servicing fees (added to the balance of the loan). The balance of the loan grows over time and FAR charges interest on the balance. Borrowers are responsible for paying property taxes, homeowner's insurance, maintenance, and related taxes (which may be substantial). We do not establish an escrow account for disbursements of these payments. A set-aside account can be set up to pay taxes and insurance and may be required in some cases. Borrowers must occupy home as their primary residence and pay for ongoing maintenance; otherwise the loan becomes due and payable. The loan also becomes due and payable (and the property may be subject to a tax lien, other encumbrance, or foreclosure) when the last borrower, or eligible non-borrowing surviving spouse, dies, sells the home, permanently moves out, defaults on taxes, insurance payments, or maintenance, or does not otherwise comply with the loan terms. Interest is not tax-deductible until the loan is partially or fully repaid.
©2020 Finance of America Reverse LLC is licensed in 50 states and D.C. | Equal Housing Opportunity | NMLS ID # 2285 | www.nmls.consumeraccess.org | 8023 East 63rd Place, Suite 700 | Tulsa, OK 74133 CNot all products and options are available in all states | Terms subject to change without notice | AZ Mortgage Banker License #0921300 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee | Illinois Residential Mortgage Licensee | Kansas Licensed Mortgage Company | MA Lender/Broker #MC2855 | Licensed by the Mississippi Department of Banking and Consumer Finance | Licensed by the New Hampshire Banking Department | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker — NYS Banking Department where Finance of America Reverse is known as FAReverse LLC in lieu of true name Finance of America Reverse LLC | Rhode Island Licensed Lender | HUD HECMS REQUIRE PAYMENT OF INITIAL AND PERIODIC MORTGAGE INSURANCE PREMIUM.
