2020 Finance of America Reverse Reviews Reverse Mortgages from www.consumersadvocate.org

A Comprehensive Look at Finance of America Reverse Reviews

Finance of America Reverse (FAR) is a leading provider of reverse mortgage services in the United States. Founded in 2007, the company has helped thousands of seniors access the equity in their homes to supplement their retirement income. Given the importance of this financial product, it is only natural that there are countless reviews of the company online, both positive and negative. In this article, we take a comprehensive look at Finance of America Reverse reviews to help you make the best decision for your situation.

What Is a Reverse Mortgage?

A reverse mortgage is a type of loan that allows seniors to access the equity in their home without having to make monthly payments. The loan is repaid when the borrower dies, sells the home, or moves out of the home. The loan proceeds can be used for any purpose, including supplementing retirement income, making home improvements, or paying for medical expenses.

Finance of America Reverse Reviews

Overall, Finance of America Reverse reviews are overwhelmingly positive. Customers praise the company for their friendly and knowledgeable staff, as well as their efficient and hassle-free process. Many customers also report that the company was able to get them the best deal possible on their reverse mortgage. Additionally, FAR has an A+ rating from the Better Business Bureau, indicating that they have a good track record of customer satisfaction.

Pros and Cons of FAR Reverse Mortgages

As with any financial product, there are both pros and cons to FAR reverse mortgages. On the plus side, FAR offers competitive rates and flexible repayment terms. Additionally, FAR has a wide variety of loan products to choose from, so you can find one that fits your needs. On the downside, FAR does not offer any loan modification or refinancing options, so you may be stuck with the loan if your financial situation changes.

The Bottom Line

Ultimately, Finance of America Reverse reviews indicate that the company is a reliable and reputable provider of reverse mortgage services. Customers generally have a positive experience with FAR, and the company has a good track record of customer satisfaction. If you are considering a reverse mortgage, FAR is a good option to consider.