Finance of America Reverse Reviews

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About Finance of America Reverse

Finance of America Companies helps retirees by offering a range of home financing options, including reverse mortgages and home improvement loans as well as home-sharing services. As of April 2023, Finance of America acquired American Advisors Group (AAG).

Pros
  • Refinancing options
  • Loans up to $4 million
  • No origination fees
Cons
  • Proprietary product only in 28 states

Finance of America Reverse Reviews

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    How do I know I can trust these reviews about Finance of America Reverse?
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    • Our moderators read all reviews to verify quality and helpfulness.
    Page 15 Reviews 2440 - 2640
    Verified purchase
    Customer ServiceStaff

    Reviewed Dec. 7, 2016

    Finance of America is well-rounded, especially the representative in the past that I worked with. He was fantastic. Every time I had a question, I could call him and he'd answer it for me. He was great. Basically, he told me to tell him what I needed and what I wanted, and then we would work it out together. I've had brain surgery so I get confused, and he would explain things sometimes three times to me so I would understand it 100%. I enjoyed working with him. I've already recommended them to a couple of people.

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    Verified purchase

    Reviewed Dec. 6, 2016

    The guidance that I got from Finance of America was okay. However, there's definitely a lot of inspections that I've had to pay out of my money. That didn't fit too well with me. I paid the appraisals and they took it off that now. I had an air-conditioning and heating for my unit to put and they withheld the portion of it for that. And now I'm trying to get them out here to inspect it so I can reclaim some of my money.

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    Verified purchase

    Reviewed Dec. 6, 2016

    I wanted a reverse mortgage to have some extra money, and I got a letter in the mail that it might be time to do it so I responded. The guidance we received from Finance of America Reverse was pretty good and we're very happy with the service we got.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Daniel,

    Thank you for leaving a review on Consumer Affairs. We are happy to hear that you had a positive experience with Finance of America Reverse. We appreciate your business.

    - FAR

    Customer ServiceStaff

    Reviewed Dec. 5, 2016

    Robert and Jasmine displayed great character in assisting me in my FAReverse. They were professional, compassionate and extremely helpful. When I was confused they clarified in an understandable way. They have invited me to call anytime as needed. Praise to FAReverse for having such superb staff. Thank you for my reverse.

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    Finance of America Reverse
    Response from Finance of America Reverse

    James,

    Thank you for leaving us a review with Consumer Affairs. We are so happy to hear that Robert and Jasmine were able to answer all of your questions and guide you through the process. We work hard to find the best people to provide a great experience for our customers.

    - FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Dec. 5, 2016

    I knew my house increased in value and I didn't want to take out a loan because I couldn't afford to pay it. So I looked into reverse mortgage or a reverse line of credit and got what I paid for the house plus the rest of the equity in there. I read some reviews about Finance of America Reverse and it felt like the right place to go. My loan officer was absolutely wonderful and answered every question. My son-in-law had questions and he took the time to speak with him three different times. And I would email him with a question or concern and he would get right back to me. He was really great. We're happy that we did what we did with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Joyce,

    Thank you for taking the time to leave a review for FAR. Happy to hear that our team was able to answer all of your questions and that you had a positive experience. We enjoyed working with you.

    - FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Dec. 4, 2016

    David ** and Erica **, to me are the best in the field. I say this because they helped me understand what the processors needed. I was very confused and frustrated; so there was many fax, text and phone calls to walk me through it all. I received kind words and encouragement through the entire process. Great team to work with.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Valerie,

    Thank you for taking the time to write a review for Finance of America Reverse. We are happy to hear that David and Erica were able to help you understand all the details and walk you through the reverse mortgage process.

    - FAR

    Verified purchase
    StaffLoan ProcessRates

    Reviewed Dec. 4, 2016

    It seemed some of the things they were saying were beneficial to me. I looked at several different websites and they stand out and is the best, so we went with them and they did a good job. Olivia the loan officer answered my questions and was able to explain how the process worked. The only thing I would complain about is that every time you take a large chunk of money out of your equity on your home, it has a pretty high interest rate. But overall, I've had a good experience with them. They were very professional.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Patrick,

    Thank you for taking the time to leave a review for Finance of America Reverse. We are pleased to hear that Olivia was able to to answer all of your questions and walk you through the process. Feel free to reach out any time with additional questions.

    - FAR

    Verified purchase
    Customer ServiceStaff

    Reviewed Dec. 3, 2016

    The guy from Finance of America Reverse that I talked to was very personable. He was never pushy and was always helpful. The appraisal guy who set me up was nice as well. Then a lady rep sent me a list of the people that I have to consult with to make sure that I'm not being coerced. It was very cool. Everybody didn't feel rushed to get me off the phone to answer my questions and get me going. They seemed invested in me as a person.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Frieda,

    Thank you so much for leaving a review on Consumer Affairs. We are happy to hear that you had such an all around great experience with everyone and that we were able to make the process easy for you.

    - FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Dec. 2, 2016

    I went thru the loan process with the help of a very competent and efficient representative Nicole **. She was always available and returned calls in a short time. I would not hesitate to recommend her to anyone in need of mortgage help.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Dec. 2, 2016

    Chris was a super person in helping me get and close my loan. He treated me with respect as he knew me for years. THANKS for having a smart and a person that follow through, young man. I rate his customer service a Five. Thanks Chris.

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    Verified purchase
    StaffLoan Process

    Reviewed Dec. 2, 2016

    Jamie (loan officer) & Julie (processor) were wonderful from start to finish. Both were extremely generous with time & information. Thanks to both of them for making this an easy and stress-free process that moved along rapidly. From our first contact I was confident that I was in good hands with Jamie.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Dec. 2, 2016

    I selected Finance of America Reverse because they sounded like a reputable company based on some comments that I went through. I was very pleased with their loan officer. She was very courteous and made me feel like she really cared. It's a good thing and it helps me. She still occasionally calls to check on me.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Jeanette,

    Thank you for leaving a review with Consumer Affairs. It is so great to hear that you received such great care from your loan officer. We enjoyed working with you.

    - FAR

    Verified purchase
    StaffLoan Process

    Reviewed Dec. 2, 2016

    Ernie from Finance of America Reverse was real nice, walked us through the mortgage and answered all of our questions. We had a real good rapport with him and he was a lot of help. We were concerned that we might be losing the rights to our property and our house, but he assured us that we weren’t and told us all the options we had. It was a good experience and we're very satisfied.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Kenneth,

    Thank you for writing a review on Consumer Affairs. We appreciate you choosing to work with Finance of America Reverse and are so pleased that you had a great experience working with Ernie.

    - FAR

    Verified purchase
    StaffLoan Process

    Reviewed Dec. 1, 2016

    All Aspects - It has been an experience. Although everyone has been helpful and thoughtful during the entire process. I would be very happy to recommend your services to anyone in the future. Thank You.

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    Verified purchase
    StaffLoan Process

    Reviewed Dec. 1, 2016

    Finance of America Reverse sounded like they knew a little bit more than what everybody else knew, so we decided to acquire their services. Working with the loan officers has been good. They explained to me the process and answered any questions I had. I'm happy with my experience with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Tonya,

    We appreciate you taking the time to write a review for Finance of America Reverse. Happy to hear that the process went smoothly and that we were able to answer all of your questions. We appreciate your business.

    - FAR

    Verified purchase
    StaffLoan Process

    Reviewed Nov. 30, 2016

    I first came to know about Finance of America Reverse through the US Government Consumer Affairs. I talked to a couple of people and the gentleman from Finance of America Reverse who took care of me was so friendly and helpful so I went with him and we became really good friends. I wasn't as impressed with the other company. It was a good experience with Finance of America. Everything went just like he said and I got things done like they wanted me to do. They were very friendly. I didn't have to wait too long to get my money and everything is going okay in my life right now.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Kara,

    Thank you for leaving a review and speaking so highly of our loan officer. We appreciate you choosing to work with Finance of America Reverse. Great to hear everything went smoothly and you had a good experience.

    - FAR

    StaffLoan Process

    Reviewed Nov. 29, 2016

    I considered Finance America Reverse and one of their competitors. I was immediately impressed by the responsiveness and amount of detail provided by FAR and especially the person who became my loan officer, Diana **. Since I had not done a reverse mortgage before I needed more explanation than I suspect others might, but at no time did I feel as though I was intruding as Diana was always cheerful and ready to help. Little things like appraisals and signing details were explained to my complete satisfaction. The documents were easy to understand and on items I wasn't sure about Diana always provided detailed explanations, even to my attorney who had one question.

    The loan processor, Erica ** was also quite excellent in moving the process along very readily with a minimum of wait time. In all, my experience with Diana and Erica was excellent. There was little wait time also when the company reviewed various documents needed for the loan so the whole process was very straightforward. In summary, I highly recommend FAR from my own personal experience, especially Diana and Erica.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Nov. 29, 2016

    The reverse mortgage specialist I worked with, Amber **, at Finance of America Reverse was amazing. Constantly on top of everything, responding immediately and explaining details perfectly. Since this product has had a lot of negative publicity, I was quite hesitant at the beginning. However, Amber was so patient and made sure I understood the product and the process. I'm not sure I would have gone through with the loan without her guidance. She is a wonderful asset for Finance of America.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 29, 2016

    We recently acquired a reverse mortgage with Finance of America. I would highly recommend this company. The face of companies are measured by the direct contact one has with its employees. Timothy ** was our contact person. He was courteous, friendly and in constant contact with us throughout the process. Jasmine **, very personable as well, was our processor. Both highly professional, kind and always available, an asset to Finance of America.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 29, 2016

    I had a really good experience with Finance of America Reverse. Olivia, the one who handled my finances, was fantastic. She’s one of those that tells you that she’s honest. I pretty much know by everything that she’s talked about that she is somebody that likes her job, believed in it and wants to do the best she can for me. That all depends on if I’m smart enough to really understand what I went through, but I feel like I made a good decision. I have a question I want to ask her and I will call her because I know she’ll be available for that.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Candice,

    Thank you for leaving a review on Consumer Affairs. We are happy to hear that Olivia was able to answer all of your questions and go through the process with you. We work hard to find the great people who care about helping others. Feel free to reach back out with any questions you have now or in the future.

    - FAR

    Verified purchase
    Staff

    Reviewed Nov. 29, 2016

    I Googled the best reverse mortgage outfits and Finance of America Reverse came up as the number one outfit so I called them. I got a hold of someone down in San Diego and he’s a real nice fellow. We started talking back and forth and we went through this process for about a week. He did what he had to do, I did what I had to do and it came together. I was really satisfied. Any questions we had were answered and that was really good, and it went through. But because everything was done away from us, we didn’t really know when things were paid off. They told us upfront what was happening, but we didn’t get paperwork until we were down the road a little bit. Otherwise, it's been a really good deal. We still live in our house, we still have a lot of equity in it and the choice of paying that off. They were good people at FAR and they were there to help. They also told us that we don't have to pay taxes on that and that it'll have no effect on our income tax.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Gary,

    Thank you for taking the time to leave a review with Consumer Affairs. We appreciate the opportunity to help guide you through the Reverse Mortgage process.

    - FAR

    Verified purchase
    Loan Process

    Reviewed Nov. 28, 2016

    Working with Finance of America Reverse was a new experience for me. I got sick and got on disability so I got a reverse mortgage. The loan officer was all right and the guidance I received was fine. I thought I was gonna get more than what I got and they didn’t say why I didn't get what I expected. Nonetheless, I'd recommend them.

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    Customer ServiceStaffLoan Process

    Reviewed Nov. 27, 2016

    I had contacted Jason ** from Finance of America to inquire about a reverse line of credit. In doing so I was very pleased how Jason explained the complete process to my husband and I. Through the process if I had any doubts or questions I would email Jason & within 15 minutes he would email me back with the answer. I am so happy with the help Jason has given us that I have already recommended two other people to him. This has truly been a worry free experience. I want to thank Jason for all of his help.

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    Verified purchase
    Staff

    Reviewed Nov. 27, 2016

    Finance of America Reverse was okay in explaining everything but on my second reverse mortgage with them, I was promised $20,000 but it ended up at $9,000. Casey, the woman I talked to, was the one who promised me everything. But then she left the company and somebody else took over. Then I was told I could only be given $10,000. Then when it finally got down to the final paperwork, it was just $9,000. I didn't like that at all.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Melvin,

    Thank you for leaving a review. We understand your frustration and will have someone contact you for further explanation

    -FAR.

    Verified purchase
    Loan Process

    Reviewed Nov. 26, 2016

    I received a letter in the mail stating that I could probably get some more money if I refinance my existing reverse mortgage. There were two different companies I talked to and Finance of America agreed to pay the closing cost in which the other company would not do so I went with them. They made clear of what I needed to do. I needed to get another counseling certificates and everything progressed step-by-step like clockwork. It was good all the way. I got my check in the mail and next year I'm gonna get another one.

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    Verified purchase
    Staff

    Reviewed Nov. 26, 2016

    I wanted to get rid of a note and a reverse mortgage would give me an extra free mile of travel and Olivia, the lady I always go to at Finance of America Reverse, did a super, duper job. I hope the company has more people like her. There was another lady, Pearl, that I got rid of and the supervisor had to kick in. Pearl got involved with something that had to do with me finishing up a room. She told us we had to do this and that but she was wrong and it was a really big mess. But the company is great. I already recommended people to Finance of America. My brother is already in it. He was just about finished with the acquisition where it's all the things he was gonna do. And I've got two other friends who are also trying to do it.

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    Verified purchase

    Reviewed Nov. 25, 2016

    At the time I made a decision to go with Finance of America Reverse, I thought I was getting more money than I received. But the appraisal apparently turned out to be ridiculous. The appraisal has to be done by someone who knows appraisals. As far as I'm concerned they didn't know enough about the appraisal, the way how this home was built, the way it was constructed. It's a contemporary home and in the state of Florida, you don't have many contemporary homes. They set some guidelines for appraisers to follow and since they have nothing to compare on, they count bedrooms and square feet. That's not the way you would do this. If you get a good appraiser, you get more money. Having said that, I'm not dissatisfied with the service and I would recommend them.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 25, 2016

    I contacted Jason regarding a Reverse Mortgage a few months back to determine if a reverse mortgage was right for my financial circumstances. Jason was very helpful, professional and knowledgeable. I learned a lot about a reverse mortgage and was effortlessly guided through the process. There was really not much effort expended on my part. I am really glad I came in contact with such a professional organization. Thanks for a great job Jason!

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 25, 2016

    A reverse mortgage was the only option we had with what we needed the money for. We went on the internet and looked at some reverse mortgage companies and some reviews and it felt right to go with Finance of America Reverse. Ed, their loan officer, helped us get propped and he was fabulous. He was very compassionate, helpful, and wonderful. He answered every question I had and in detail, so there were no stones left unturned. I would recommend Finance of America Reverse to anyone that wants to go with that company.

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    Verified purchase
    Staff

    Reviewed Nov. 24, 2016

    The rep from Finance of America explained reverse mortgage a lot better than a lot of other ones. He was upfront with everything so I chose him. He helped me with getting all the paperwork and looking at all my stuff that had to be paid up. The guidance I got from him was excellent. We signed a copy with a notary at my house but I need a copy of that with all of the reverse mortgage signatures on it.

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    Verified purchase
    Loan Process

    Reviewed Nov. 24, 2016

    Finance of America Reverse was helpful through the process. Realizing there's a bunch of paperwork, we got through it and got my money. I thought that the appraisal was way low. In my mind my property was worth $150,000 but they came in at $97,000. I talked to a real estate agent who sold a house I had once before and he said that the appraisal is not really that far out of line.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 23, 2016

    When I chose Finance of America Reverse, I was fortunate to get Chuck ** as my agent. He couldn't have done a better job. I had spoken to other companies and none of them listened to me. Chuck did. He heard what I wanted and he worked to get that for me. It went off without a hitch, I am happy as I can be, and I have referred others to Chuck who are having the same positive experience. What a guy and what a company!! I have only great things to say.

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    Verified purchase
    Staff

    Reviewed Nov. 23, 2016

    I've been retired for 30 years and I just wanted more free money. I had a bunch of equity in my home and I figured I might as well use it. The rep I talked to at Finance of America Reverse was excellent. There was no hassle and any pressure.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Nov. 23, 2016

    I went online looking at reverse mortgages and somebody called in about 30 seconds. I figured Finance of America was the best option I had. The rep was knowledgeable and friendly and I got along fine with him. The experience was about as smooth as it went.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Nov. 21, 2016

    This is my second reverse mortgage and everything worked out just fine. I dealt with a different person and a different company name before, and this time they changed their name to Finance of America Reverse. I knew what I was doing this time so it's a big difference. Any time I needed to get a hold of somebody, I was always able to do that, which was really nice. I wasn't put on hold all the time and it was quite a pleasant experience. The only thing I didn't realize was that they paid off the first mortgage. That was not explained to me but that's okay.

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    Verified purchase
    Staff

    Reviewed Nov. 20, 2016

    Somebody told me about Finance of America Reverse and I called them. I needed some things done in the house and that's what I'm gonna use the money for. The people at Finance of America were really wonderful. I even paid the girl that did the closing.

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    StaffLoan Process

    Reviewed Nov. 19, 2016

    Our experience with Finance of America Reverse was very good. Our contact Toby ** was very helpful, knowledgeable and patient with us, answering all our questions and concerns for us to complete the application to obtain our Reverse Mortgage.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Nov. 19, 2016

    Finance of America Reverse was recommended to me and the person that I dealt with seemed to know what she was doing. She explained everything about it. She called and checked up on me and just seemed very concerned.

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    StaffLoan Process

    Reviewed Nov. 18, 2016

    Our experience with Finance of America Reverse, Toby ** and all other associated personnel, was professional, timely and courteous. We are very happy with the results. The briefing we had made the experience one of great satisfaction. Thank you, Toby!

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    Verified purchase

    Reviewed Nov. 18, 2016

    I saw something on reverse mortgages online and checked it out. I got involved with Finance of America and Josh helped me figure out what reverse mortgage is all about. I checked with a few other outfits and thought Finance of America was doing okay so I stuck with them.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 17, 2016

    I enjoyed working with Mrs. **. She was very understanding in my need to secure my loan and did everything possible to get the information to the necessary departments to reach approval for my loan. I want to thank FAR and everyone that worked on my loan. I am very grateful.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Nov. 17, 2016

    We needed money because my husband had a stroke a year and a half ago, but we couldn't get a regular line of credit. We have money saved for retirement but since we had a lot of equity in our home, we thought reverse mortgage would be a good idea for us. I got a call from Finance of America and the representative sounded very nice, thorough and knowledgeable. The guidance I received was very good too.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Fran,

    Thank you so much for leaving us a review with Consumer Affairs. We are so pleased you had a great experience working with Finance of America Reverse. We appreciate your business!

    -FAR

    Verified purchase
    Staff

    Reviewed Nov. 17, 2016

    We have just started our journey with Finance of America Reverse and are excited about our future. The advisers that represent the company Amber, Esther, and Kevin were very knowledgeable and made the decision easy for us.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Donna,

    Thank you so much for leaving us a review with Consumer Affairs. We appreciate your business and are glad you had a great experience working with Finance of America Reverse!

    -FAR

    Verified purchase
    Customer ServiceStaff

    Reviewed Nov. 17, 2016

    Over a year ago my wife and I decided to go for a Reverse Mortgage with RMS Urban. Our basic and weekly contact was Miss Amber **. She took us by the hand, led us in every way, answered all our questions, handled everything we ever needed over the phone or fax. There was not a single time that we could not call and talk to Amber **. If we left a message, she would immediately call us back. She was there for us all the time and has our back since the beginning. We even shared in her coast to coast move and her family.

    Again If we needed another advance and we called, Amber ** was very helpful in acquiring the paperwork and who to talk to and made sure every aspect was in line and on time. I think Amber ** is a very competent and over the top employee and needs to be recognized with an upgrade or something...she is very personable, very engaging and easy to talk to and is always for the RMS Reverse Mortgage customer. She is like a guardian angel looking over us.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 17, 2016

    Jamie, who helped me with the information and application, was extremely helpful and patient. I really appreciated her guidance. Julie, my loan officer, was also very kind and efficient. She did a great job of processing the loan in a timely manner.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 17, 2016

    My experience with FA Reverse Mortgage was exactly as promised! They were friendly and easy to work with. Most important all my questions were answered quickly and in a manner I could understand. I highly recommend them to anyone considering a reverse mortgage! Was very pleased with the final results and peace of mind that came with it.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 16, 2016

    Our experience with Finance of America Reverse Co. was such a pleasant experience mostly due to Mr William **. He was so helpful and so kind during this process. We are so grateful for the help we received. His kindness will never be forgotten. Thank you.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Charles & Debbie,

    Thank you for leaving a review with Consumer Affairs. We appreciate your business!

    -FAR

    Customer ServiceLoan Process

    Reviewed Nov. 16, 2016

    They say that customer service is a lost art, but Finance of America has an employee, ELLEN **, that excels in customer service. I started this process over a year ago, and due to extenuating circumstances (broken back and auto accident) I could not complete the transaction. Ellen ** hung in there and all the time was giving me different options. After my recovery, my reverse mortgage went very smoothly - very quickly and I was extremely satisfied.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Diane,

    Thank you so much for taking the time to leave a review with Consumer Affairs. It is great to hear that our Reverse Mortgage Specialist was able to guide you through the reverse mortgage process very smoothly and to your satisfaction. We appreciate your choice to work with Finance of America Reverse.

    - FAR

    Verified purchase
    StaffLoan Process

    Reviewed Nov. 16, 2016

    We had spoken with a few financial companies but Jason ** of Finance of America was the only one who was able to explain the complexities of the process in easy to understand terms. He was always very responsive to us and gave great advice on how to move the process along.

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    StaffLoan Process

    Reviewed Nov. 16, 2016

    I want to thank each and everyone who helped make this possible. Terri and Julie especially. It was not the smoothest road at all times but you never wavered off course and we got to the end safe and sound which is the goal. I appreciate everyone's attention to detail along with the "care factor" and understanding of the process. Everyone contributed to made this possible. This reverse mortgage will allow my wife and I to attain many of our goals easier and with less financial strain and help us live the "Golden Years" more comfortably. Thanks again. If you need a reference of any kind don't hesitate to ask.

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    Verified purchase
    Customer Service

    Reviewed Nov. 16, 2016

    Every step of the final stages Erica was constantly available and monitored the last details with diligence and INSTANT replies! If not for Erica and her team with the last second changes this would not have gone through on time! Erica as was Monica, are both beyond outstanding polished diligent Customer Service. I have already recommended FofAR to others interested!!

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Nov. 16, 2016

    This is the second time I did a reverse mortgage with Finance of America, and their guidance was fine. I've always worked for the house and I figured it's time the house works for me. Linda, my loan officer was wonderful. She helped me both times and was very knowledgeable. She returned calls, supplied information, and I'm very pleased.

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    Verified purchase
    StaffLoan Process

    Reviewed Nov. 15, 2016

    I wanted to take a moment to say thank you Andrew ** for the professional job he did handling my application and subsequent loan paperwork. First when I looked on the internet for a loan, he was very responsive, not pushy and shared a wealth of educational information with me. He was professional and timely. He answered my questions and kept me advised all the way through final stages. Had he not done that there were 15 other companies who wanted my business. Yes I would recommend Finance of America Reverse Mortgage and Andrew **.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Jim,

    Thank you for leaving a review with Consumer Affairs. Thank you allowing us to help you with your reverse mortgage. We appreciate your recommendation!

    -FAR

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    Customer ServiceStaff

    Reviewed Nov. 15, 2016

    I was interested in a reverse mortgage and that started phone calls, and one of those phone calls was with Finance of America. Their rep Barbell was very helpful and she wasn't pushy. She was very upfront about everything, gave me information and allowed me time to think about it, which was what I needed. She told me what a reverse mortgage entailed and if I decided that that's what I wanted to do, she stated what my requirements were and explained that that would have to have a counselling session. At each step that we would get to, she would let me know that I was not obligated to go through with anything if I wasn't comfortable with it.

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    Customer Service

    Reviewed Nov. 14, 2016

    I applied for a rev. mortgage so I could update my house after many years. I was very pleased with Matt ** in the Indianapolis area offices and his supv. Mike ** for their prompt help. After paperwork completion I learned that some additional settlement costs were added which were not included in the original quote to me. I called and learned that it is their company policy to pay any taxes they are due within 90 of closing. I had to call to find this out. So I called the L.A. tax collectors office for info. and got nowhere after waiting an hour on the phone (typical of big city don't give a hoot bureaucrats!). I went online and saw that the taxes were NOT paid. After waiting to possibly see if the transaction had finally been completed, I sent an email to Matt ** asking for help to clear this up. He apparently forwarded my email to Crystal **, somewhere in their system (?).

    She phoned and left me a voice mail saying that she had FedEx'ed an overnight package to the Tax Collectors office and was going to call back and give me the pkg number. I called her back in ten minutes but she did not answer her phone. I never got the routing data from her. She never called me back at anytime during the five additional times I tried to call her and left messages. She said the original pkg to the Tax collector did not have the proper date (?) on it and was subsequently not shown to have been paid. After searching thru the Tax Collector's data again the following week, I found that the taxes have apparently been paid.

    I never got a return call from Crystal **. All I wanted from these people was confirmation that my taxes were paid on time. Can you imagine trying to prove to a bureaucracy such as L.A. that they were really paid, but did not show up as being paid? I still have nothing to indicate or show that they have been paid except a property tax inquiry page from the Tax Collector. This could have all been avoided if I could have paid my own property taxes like I have been on this property for 39 years without ever being late. What would have happened to my credit rating if the City felt like pushing this. All I asking for is confirmation thru a cancelled check, voucher or any document to prove, if needed, that I was not delinquent.

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    Customer ServiceStaffLoan Process

    Reviewed Nov. 14, 2016

    We decided that we wanted to apply for a Reverse Mortgage, but we were a little anxious because it was such an important decision... My best friend had used Finance of America Reverse before and even told me who had HELPED her, Nigel **. From the very beginning he answered EVERY question we had, and EVERY answer was RIGHT ON... Nigel walked us through EVERY part, he even gave us his Cell phone number! He would tell us what to expect next and he was RIGHT! I would recommend Nigel to anyone looking to do a Reverse Mortgage. Nowadays it's hard to believe someone, but Nigel was ALWAYS truthful and there for us, like he said he would be... Nigel made it an enjoyable experience for us, so if you are looking for a Reverse Mortgage, this is the place to go and trust.

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    StaffLoan Process

    Reviewed Nov. 14, 2016

    I don't want to leave my home to my kids so I decided to go with the reverse mortgage. I went through a reverse mortgage before with Celink, then Finance of America Reverse bought the contract. I had good relations with them. They came and visit me first then we did the rest of it by phone. Their loan officer was pretty nice in discussing my options.

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    Staff

    Reviewed Nov. 13, 2016

    My need to take care of taxes and insurance made me choose a reverse mortgage as part of my retirement plan. I chose Finance of America Reverse due to their availability. They were pleasant and I didn't have any problems with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Milton,

    Thank you for leaving a review. Glad to hear you had a pleasant experience.

    -FAR

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    Customer ServiceStaff

    Reviewed Nov. 13, 2016

    My house is my only asset and I needed to make some kind of arrangements because I wanted to live in the house and I didn't want to sell it. I called my bank and asked if they could give me some references about how to get in touch with someone for the reverse mortgage. I went to several different channels and ended up with Finance of America Reverse. The person that I dealt with, Matthew coordinated everything and was very helpful. There were two different people who came out and did the extensive paperwork with me. They were very nice and very helpful too. It was the same for the person who came to assess the house. I had a very pleasant experience and when I had questions or I was concerned about something, their guys always addressed everything in a very understanding manner. It was a pleasure to deal with Finance of American Reverse from beginning to end.

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    Customer ServiceStaffLoan Process

    Reviewed Nov. 12, 2016

    I'm 82 years old and I have a 15-year difference with my wife. I didn't want to leave her strapped for house payments when I'm gone. Finance of America Reverse was advertised on TV and I called their number. I dealt with the young Fellow, Toby. Anytime I had a question, I called him, and he took great care of it. And although it was kind of a headache working my way through the process, I was able to do it. It could have been a lot simpler than what it was, though. But everything went the way Toby said it would.

    The only problem I had was with the real estate appraiser that Finance of America chose. They came out here and I had a floating wall in the backyard and also a patio that had a couple of cracks. I was made to tear down the wall and the patio. It cost me over $2,000 to get them torn down and hauled. But overall, I have recommended Finance of America Reverse to other people.

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    Staff

    Reviewed Nov. 12, 2016

    I was forced into retirement due to the way the economy is and I couldn't make the payments since I'm not working, so I looked into a reverse mortgage as part of my retirement plan and went with Finance of America Reverse. They were more willing to work with me than the other companies. The people that I talked to and that came here have been really good and very nice to me. So, I was happy with the way things went.

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    Customer ServiceLoan Process

    Reviewed Nov. 11, 2016

    I wanted to get rid of my mortgage payments which would free up more of my monthly income money. I heard about reverse mortgage before and Finance of America Reverse was in the top 10 rated ones. I gave them a call and they sounded like people I wanted to deal with. The experience went well. I knew mostly what I wanted going into this and I knew I was only limited to very little as far as receiving any cash from it. I was amazed as to how the whole process went through and how everything was taken care of.

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    Customer ServiceStaff

    Reviewed Nov. 10, 2016

    I was looking for a reverse mortgage and Nigel found me. It took about a year on and off before I get everything going on my end. Nigel would email me to check in on me. He stood there with me and my family the entire way.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Courtney,

    Thank you for leaving a review and choosing Finance of America Reverse for your reverse mortgage.

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Nov. 10, 2016

    I recently came into a situation where I needed to have some extra money on hand and the reverse mortgage seemed the best way to go about it. I went online, and checked out a bunch of sites and did a comparison. I chose Finance of America Reverse because I liked what the site said about it and after talking to them and the counselors, I decided to go through with it. The loan officer was very friendly, and helpful, and got me through the whole thing pretty smoothly. I was quite satisfied with the service I got. It went faster than I expected. The research I did said it could take as long as 90 days. But apparently, that’s if there are extenuating circumstances involved. I didn’t have any, so from the time I started until I got the money, it was only six weeks. So that was pretty good.

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    Customer ServiceStaffLoan Process

    Reviewed Nov. 9, 2016

    I filled out an information sheet and several people called me back. Ernie from Finance of America was persistent and nice. I taught for 30 plus years, but I had taken out 15 before my husband died, so I didn't have that much. I only had a retirement, but all the years end and I can't make it on what I draw, so I got a reverse mortgage. I usually could get Finance of America's loan officer right away, but he always returned my call if I didn't. The experience went well. It was fairly quick, not like a regular mortgage.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Renee,

    Thank you for leaving a review. Glad to hear we were able to help you with your reverse mortgage.

    -FAR

    Verified purchase
    Staff

    Reviewed Nov. 8, 2016

    I dealt with several different companies at first then I went with Finance of America Reverse. They were nice, very polite, always friendly, and helped me along the way especially when I was dragging my feet at times. The person whom I did all my dealings with was very knowledgeable and persistent, but she was very good. She knew the answers before I did ask questions. She knew I had to have them.

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    Reviewed Nov. 8, 2016

    I was in the market to do the reverse mortgage and I checked a few people on the computer. Finance of America Reverse called me back, plus a couple of other dozen places, and I went with the first one on the top of the list. The house is paid for completely and what I heard about reverse mortgages was that I get whatever equity I have on the house plus some interest on what's left over.

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    Customer ServiceStaff

    Reviewed Nov. 7, 2016

    The proposal from Finance of America Reverse was the best one among those from several other companies when I did my research. I spoke to one guy from Finance of America the whole time over a period of six months and he seemed to be knowledgeable. If called him with questions, he'd always call me back and he'd also email back very promptly. I wouldn't even get a call back from other companies that sent proposals within this range for three or four days and sometimes none at all. So not only his proposal was the best one, but his interactions with me and helping me work through my questions was very helpful. My 89-year-old mother is wanting to do the same, so we're looking into this for her as well.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Philip,

    Thank you for leaving a review with Consumer Affairs. We're happy to hear that our team promptly answered all your questions. Thank you for your business.

    -FAR

    Verified purchase
    Staff

    Reviewed Nov. 6, 2016

    I had some bills that I needed to pay off so I did a reverse mortgage with FAR. I've had an experience with another company that wasn't positive and when I explained to the young lady at FAR what I had experienced, she assured me that that wouldn't happen with her company. She was truthful with me, and it all worked out in my favor. Everything was positive. The team answered my questions and gave me the answers that I needed. All of the answers that I got from them were truthful. I'd recommend Finance of America to somebody else.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Harold,

    Thank you for the review. Glad to hear our team answered all your questions and you had a positive experience.

    -FAR

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    Customer ServiceStaff

    Reviewed Nov. 6, 2016

    We were interested in a reverse mortgage for our retirement so we can live comfortably and Finance of America seemed like the better choice than the others. However, the guy who did the appraisal seemed like he was dragging his feet about things. When we called him, he told us that he then didn't have to come out here. There were things said that he had a negative attitude about. He's working for a reverse mortgage so he needs to show who he's representing. But I am still satisfied with the reverse mortgage because Jayson, our sales representative, represented the company very well. He was very good and helped us out.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Annanoise,

    Thank you for leaving a review with Consumer Affairs. We understand some of the process can be frustrating. We appreciate your business!

    -FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Nov. 5, 2016

    I must commend Reverse Mortgage Specialist William ** for his professionalism, knowledge, and helpfulness throughout the reverse mortgage process. Finance of America Reverse offers a superior product and their customer service is beyond reproach. I had nothing but good experiences with every person I dealt with throughout the reverse mortgage process. I would definitely rate this experience a 10!

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    Customer Service

    Reviewed Nov. 4, 2016

    I've thought about getting a reverse mortgage for a long, long time now. I initially looked at three or four other companies and then settled on Finance of America Reverse. They were great and have been quick to respond.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Gary,

    Thank you for leaving a review and working with Finance of America Reverse to do your reverse mortgage.

    -FAR

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    Customer ServiceStaff

    Reviewed Nov. 4, 2016

    I picked Finance of America because they were very dedicated. I had debts to pay off and they told me that I can pay back the reverse mortgage without any penalty whatsoever so I decided to take it. So soon I'd pay off these debts and I'd get extra money. The representative was very efficient and he was very insistent that he kept returning my calls and did a good follow-up. They're very informative when we were discussing my option.

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    Staff

    Reviewed Nov. 3, 2016

    We have a home that none of the rest of our family are interested in after we're gone. So, we decided that reverse mortgage would be the way to do it. We had nothing but good relations with FAR reps. They did a very nice job presenting it to us and we're very happy. Everything went along fine and they did everything that they said they would do.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Sidney,

    Thank you for leaving a review. Happy to hear your reverse mortgage went so well working with our team.

    -FAR

    Verified purchase
    Loan Process

    Reviewed Nov. 2, 2016

    I had a wonderful experience working with Marina **. The whole process was smooth and very easy. I had doubts about doing this, but it wasn't difficult at all. If I had to do this again, I would. I would highly recommend your company to anyone that I knew who wanted to do a reverse mortgage.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Lynda,

    Thank you for leaving a review. Sounds like Marina did a good job for you. We appreciate your business.

    -FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Nov. 2, 2016

    Wow, what a great experience with Marina. She started the process by replying to my request on a Sunday. Very unusual. It was up hill from that 1st phone conversation. The process was drawn out but that was not Marina's fault, government works that way. Anytime I had questions she seemed to be always available to answer even though she had numerous other clients to deal with. I will recommend Marina to any person that is interested in a reverse mortgage. Thank you Marina for giving me the pleasure of dealing with a professional in every way.

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    Loan Process

    Reviewed Nov. 2, 2016

    When my mum passed I wanted my sisters to be able to stay in the home. So I thought reverse mortgage would work fine for them. At first the company was, "Oh this will be easy, good credit score, super equity in the home, should take no time to close..." Well it's going on 3 months now and still nothing. I bent over backwards for this company, paper after paper, explain this, explain that... It went on forever and still going on like I was doing all the work. They were doing very little. It has turned into a nightmare and now I have to go look into another company to try and get this loan closed. They're all gung-ho in the beginning then drop you and let you handle the mess. So now I am in search of another reverse mortgage co. to try and save my mum's house. These people cost me a lot more money than I wanted to waste.

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    StaffLoan Process

    Reviewed Nov. 2, 2016

    This was an extremely difficult transaction, yet William ** of Finance America Reverse, with tenacity and perseverance got us to closing. He was always on top of the situation and would give me updates as things changed. Thank you, Will and FA Reverse.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Lois,

    Thank you for leaving a review. Glad to hear Will helped you through the reverse mortgage process.

    -FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Nov. 2, 2016

    I had contacted a different company about reverse mortgage and they would tell me all kinds of strange things. They said that they were gonna have to hold back $30,000 as a setback and it was customary, and I said no. On the other hand, whenever I talked to Finance of America, they told me what I wanted to hear and said there wouldn’t be any set-asides, which was why I went with them.

    The Finance of America rep was great. He bent over backwards to accommodate what I was trying to do and he got it done in a short amount of time. The reason it took so long was because of me, not him. There were things that he said that he needed and I could have dragged my feet on it a little bit but it finally got done. He went over everything with me and upfront told me that there were gonna have to be certain things done. The leadership that he showed was perfect. No other loan officer would have done that.

    The only thing that bugged me about this reverse mortgage was when the appraiser come out. He appraised the house and said that he would have to come back out and do a final inspection on some work that I had to do. That’s one reason why I did the reverse mortgage with Finance of America because I had to fix some stuff in the house. Instead of the appraiser verifying that the funds had been provided for me to do this, he came out and charged me for reinspection when I never received any funds. So I was charged for something that he should have taken upon his own volition to do.

    When we finally went to final inspection, he dragged his feet. I had to call him to make him fax the report to the loan officer. It cost me money because if he had waited for the loan officer from Finance of America to tell him to come reinspect, it would have been fine. I hadn’t even gone to closing when he came back out. Just because he drove in my driveway he charged me $175. He never even looked at anything. Whenever he said he had to go take pictures of the floor and I asked what for, he said he was supposed to take pictures of the final work. I said the work hadn’t even started yet and I hadn’t even gotten any money, but he went ahead and charged me.

    That’s the only beef that I have. If I had any questions, I called Toby and he answered immediately. Finance of America was excellent and I have referred other people that I know that are thinking about a reverse mortgage. I’ve been referring them to Finance of America because of their ability to get things done. Other institutions said they couldn’t do it, and that’s why I’ve got three people right now that are starting the process with Finance of America.

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    Customer ServiceStaffLoan Process

    Reviewed Nov. 2, 2016

    I had a good experience with Finance of America Reverse. They told me what they expected and I listened to them and they did not urge me to do anything. I talked to their representative named Angela and she was so nice. If she wasn't there to answer my call, she would always call me back. It was pleasant dealing with her.

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    Customer ServiceStaffLoan Process

    Reviewed Nov. 1, 2016

    Working with William was a pleasure. I never thought we could get so much done in such a short time over the phone. Everyone involved in the process was friendly and professional. William led me though the process step by step and things moved very smoothly. Thank you so much.

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    Reviewed Nov. 1, 2016

    I got on the computer and asked for information, and Finance of America responded with things about reverse mortgages. At the time, it seemed very helpful for me to be able to have extra money to spend. Everything went real smooth. I had no problems.

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    Customer ServiceStaff

    Reviewed Oct. 31, 2016

    Finance of America was great in every way. Scott, the guy that handled my account, couldn’t have been better. He was the guy that first answered the phone andhad all the information I needed. He was very pleasant, informative, quick and sounded very confident so I stayed with him. I had no idea what to do or how to go about any of it, and Scott was right there and went over every step very carefully.

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    Staff

    Reviewed Oct. 30, 2016

    I didn’t have the money to keep up my house payment and so I had to do the work on my house. It was more and more weighing in on my retirement. I decided to call Finance of America Reverse and check them out. The guidance I got from them was good. I thought I’d be dead. I’ve been bad at finance and buying and they helped me get out of it. I’ve recommended them twice.

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    Rates

    Reviewed Oct. 29, 2016

    My house is paid for, I’m alone, and I don’t want to leave an insurance to anybody, so I wanted a reverse mortgage to fix my house up. Among the other companies, Finance of America Reverse was the first one that really explained reverse mortgage to me. However, I’m still confused about one thing. I know interest builds up every year that I have to pay. But I wonder if something happens where my house doesn’t sell for three years after I’ve moved out. They really didn’t tell me what to do. Now I worry about if I have to go into a nursing home, then what? But other than that, I was really surprised that after I signed the papers, two days and it was in my account. Overall, I'm satisfied with it.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Gloria,

    Thank you for leaving a review on Consumer Affairs. Glad to hear we did a good job explaining the reverse mortgage process. Feel free to contact us with additional questions any time.

    -FAR

    Verified purchase

    Reviewed Oct. 28, 2016

    I am so happy that I gave Julie a chance to explain everything to me. If I ever had something I did not understand she would explain it to me until I understood. To this date she is still works with me.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Arthur,

    Thank you for leaving a review. Glad to hear we did job explain everything to you.

    -FAR

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    StaffLoan Process

    Reviewed Oct. 28, 2016

    So far, my experience with Finance of America has been fragile but it's good. I've chosen a reverse mortgage since it wasn't traditional, and I wanted my mother to have a better quality of life at the end of her years and also consolidate some loans and work on a better management profile of my finance. The people at Finance of America were all good and concerned about me, which was nice. They were compassionate.

    We're just getting started. I'm trying to work through my process with RMS right now and get everything established there in my name along with my mother's. My mother is on the mortgage but I got the permission to talk to them about the reverse mortgage and get everything up to date and start making some payments back on it. So if anything were to happen to her, I can re-qualify for the reverse mortgage myself.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 27, 2016

    We have recently worked with Mr. William ** of Finance of America Reverse concerning the successful and timely closure of a reverse mortgage for our house. Our experience with Mr. ** and Finance of America Reverse has been absolutely superb! Mr. ** offered an extremely high degree of care, diligence, accuracy, timeliness, patience -- and above all, the highest of professionalism in handling our case.

    Mr.**'s attention to our personal needs, application details, information sharing, and responding to our questions is clearly an outstanding exemplar that we would consider among the very best we have ever experienced! We were not aware of Finance of America Reverse prior to our contacting them, and found the experience increasingly satisfying -- as we moved through the process, and Finance of America Reverse went the extra mile for us at every step. Mr. ** promised us his best of services, and we closed on the reverse mortgage with the highest of trust and respect for him as he represented Finance of America Reverse.

    Through Mr. **, we were introduced to other officers in the company -- all of whom were highly professional and of great assistance to us! It is without a doubt that we would recommend Finance of America Reverse, and particularly Mr. William **, to other potential clients for handling reverse mortgage applications. It has been of utmost pleasure to work with Mr. ** and Finance of America Reverse.

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    Customer ServiceStaff

    Reviewed Oct. 27, 2016

    I had a couple of other calls from other debt relief companies but I like the Finance of America Reverse rep I was talking to. We seem to hit it off well and I stuck with them. They were nice people and courteous. The guidance was pretty explanatory and in-depth as far as what's involved and answered all my questions properly. I enjoyed working with them.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 26, 2016

    We were having trouble paying our house payment and my husband is having financial issues. We wanted to get rid of it so we don't have to worry about it. He's 62 and I'm almost 60 so we went ahead and got a reverse mortgage. Finance of America Reverse were the ones who returned my phone call and talked to me. We understood everything and we felt it was the best option for us. They were very informative and friendly and explained everything and worked with us well. Overall, our experience with them went smoothly and their process was quick.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Cynthia,

    Thank you for leaving a review with Consumer Affairs. Glad to hear our friendly staff worked well with you and your husband to help you through the reverse mortgage process.

    -FAR

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    Customer ServiceStaff

    Reviewed Oct. 25, 2016

    First off, I looked up reverse mortgage, then Finance of America answered all of my questions when I called and talked to them about it. They were the ones that said they could service me a lot faster than most of the other companies, and were pretty good at handling all my stuff the way I wanted it to be done. They walked me through everything, told me what all I would need to do, and made reverse mortgage simple and plain for me. The ladies that helped me were always calling, seeing how I was doing and responding to me when I had any questions. They were great with me, and even the guys with the RMS were great. Everything went well with me.

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    Customer ServiceStaff

    Reviewed Oct. 24, 2016

    I called a couple of different companies and tried to find somebody I was comfortable working with. I was able to get more information from the Finance of America rep that I was looking to clarify who I wanted to go with and some of the others that I had contacted were not giving a good vibe. I thought I had somebody that I was able to trust and communicate with, but there was a lot of screw-ups and I almost backed out of the whole thing. He was not knowledgeable when it came to certain things, especially at the end. I had the loan officer here signing papers and had a question on something they were asking. We called him and he was guessing at answers, and that pissed me off.

    In addition to that, at the very end when all the papers were signed, the company that Finance of America used to sign the final papers had to come back as they forgot to get one paper signed which was very unprofessional. I was happy it was over, but it took me a long time to make the decision in the first place. Overall I would never recommend them to somebody else.

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    Staff

    Reviewed Oct. 22, 2016

    I was desperate because my husband left me a bunch of bills when he died and I needed to do something. I chose to get a reverse mortgage because my house is paid for and I could get the money to at least pay off part of the debts he left me. Finance of America Reverse seemed like the best choice but I was mistaken. I wouldn't recommend them to anybody.

    I believed they were going to help me but in the end, it cost me money. Tim, my loan officer, blew a bunch of smoke up my butt. He seemed nice until I found out he was not. My homeowners warranty was on auto pay then I suddenly realized it was not being paid. That's when I talked to the RMS company who said he was supposed to have taken care of it, but he didn't. I have not been able to find a job and am out now $76 a month for those three months. I wound up losing money that I didn't have to lose. I'm very unhappy. I hope nobody else makes the mistake I did.

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    Customer ServiceStaff

    Reviewed Oct. 21, 2016

    I had already done a reverse mortgage but the housing had gone up and I've done so much on the house. I thought of trying it again and Katie, my loan officer from Finance of America Reverse was nice to me. Once I decided to go with them, I got threatening phone calls saying they weren't good but I disagreed. I trusted Katie's guidance 100%. She's somebody that would talk to me every day, any day, and would also call me back. She was just the best. I'm pleased with the way she did it. She sent me some business cards and I've already passed off three of them. That's how much I like Finance of America Reverse.

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    StaffLoan Process

    Reviewed Oct. 21, 2016

    My experience with Finance of America Reverse was great. I talked to four different companies but some of them had a lot of bad feedback and my loan officer at Finance of America was the reason I chose them. He was very good and had a nice personality. He stuck with me 100% of the time and everything went very well. Finance of America gave me everything I needed. It was a pleasure doing business with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Bruce,

    Thank you for leaving a review with Consumer Affairs. Thank you for your business!

    -FAR

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    StaffLoan Process

    Reviewed Oct. 20, 2016

    I got the numbers from around four companies, compared them, and picked Finance of America Reverse. Their loan officer was easy to talk to and answered all my questions right away. He didn't try to push me.

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    StaffLoan Process

    Reviewed Oct. 20, 2016

    I wanted to keep my house. I saw Finance of America Reverse on television and went with them. Their loan rep was good, answered all my questions and made me feel comfortable. Everybody worked well with me and got it done.

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    Staff

    Reviewed Oct. 20, 2016

    Having a reverse mortgage seemed like the most effective use of our funds and gave us something to finish up some things we wanted to do. I had started a program with another company but got tired of their glaze. We couldn’t do this and they couldn’t do that so I contacted Finance of America Reverse and the gentleman was extremely helpful. He was always very polite and very knowledgeable. I was very well taken care of and I've been very pleased.

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    StaffLoan Process

    Reviewed Oct. 19, 2016

    I looked into the web and saw Finance of America. We got a reverse mortgage because it fit with what we wanted to do and we went with them because of what we read online about what they had to offer. They weren't coercive, and I had a pleasant experience with them. They did what they have to do and I did mine, and we finally settled it out. I went through my counseling and they stayed out of the way. The loan officer was also very nice and good. I would recommend them to a friend.

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    Staff

    Reviewed Oct. 19, 2016

    I needed money at the time and Finance of America Reverse seemed like the easiest way to go which, of course, it wasn’t because it was a lot to do. But it was something I had been thinking about, so I did it. I looked them up and I started talking to them. I liked what they were saying, so I went with them. I didn’t really check on a lot of others. Chris was a wonderful guy. I enjoyed him right from the very beginning. Their reps have all been very good. They were really on top of everything and were really great with me. I’m very impressed with them. They were very kind, considerate and very patient so I would go with them again.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 18, 2016

    I called to inquire about paying off the loan. After faxing the request I had to call them several times to follow up. After calling and complaining I had to email and request it. It took them more than a week to reply! After sending them the payments with a little extra to cover hidden cost, I just waited. As I am writing this review after 4 weeks I am finding out that they transferred my loan to AM West Mortgage. I called them. Guess what. They cannot find such a loan in the system?! I called back Finance of America Mortgage. They say it might take the company up to 30 days to have my loan in their system. I would not recommend or work with such a company ever again. Very unprofessional and inefficient.

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    StaffLoan Process

    Reviewed Oct. 18, 2016

    I recently inherited a house that needed a lot of work and a reverse mortgage was the only way I can afford to do everything I needed to do. I started looking at reviews online and Finance of America had very good reviews, so I went with them. The loan officer was very informative, seemed to really care about my concerns and interests, and answered all of my questions. And even since I closed the loan, I've talked to him a couple of times and he’d just call to see how things are going.

    Finance of America's guidance was quite helpful. I had an unusual situation because I just inherited the house and in less than a year, I had to jump through a bunch of different hoops to get the deed changed over to the way that the underwriters wanted it. I had to get a few more papers, which wasn’t a big deal, but it took a little more time.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 18, 2016

    The only way I could retire is to go through reverse mortgage. I went with Finance of America Reverse and I like their rep a lot. She was really good, informative, and anytime I called, she always answered and got back to me. She helped me through the process and I was very happy with that. I was pleased with the whole process. It was an excellent experience.

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    StaffRates

    Reviewed Oct. 18, 2016

    I was really confused with the rep because she wasn’t very clear and then the person that talks to the counselors sounded very frustrated when I was asking questions because I was completely in the dark as to what a reverse mortgage is. They weren't patient to break down what we do and don’t do and what to expect. They need to be more specific and more detailed as to what reverse means. I'm still not clear on it. All we know is that we don’t make a payment, but now I'm getting statements about interest and I didn’t know what those meant. I also didn’t know that it will depend on the credit score if they'd take you as a client because I was trying to refer somebody and if you don't have a good or decent credit, Finance of America doesn’t want to work with you.

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    StaffLoan Process

    Reviewed Oct. 17, 2016

    I chose reverse mortgage for my elderly mother and Finance of America Reverse was very cooperative and eager to ensure the transaction went through. I had dealt with another company prior to them and decided to stay with Finance of America as I thought they were very helpful and truthful. I found the person I worked with to be easy to deal with. It was a good experience all the way around.

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    Customer Service

    Reviewed Oct. 17, 2016

    I got a reverse mortgage so I can make my monthly payment. Finance of America Reverse was the first one to return my call and I liked the way they explained things to me. The only problem was it took a very, very long time and I was disappointed. They reached me in February and the mortgage didn't go through until July.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Anna,

    Thank you for leaving a review with Consumer Affairs. Happy to hear that we explained the process well. Sometimes things don't move as fast as we'd like either.

    -FAR

    Verified purchase
    Staff

    Reviewed Oct. 16, 2016

    I'm 90 years old and I want to leave the kids some money if something happens to me and use some of it myself. My brother used Finance of America Reverse before and I like the system they got. They did a good job in helping me with my reverse mortgage decision.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 16, 2016

    My mom ran out of retirement funds. We couldn't meet the mortgage payments. We needed to get that extra $1500 a month, and we didn't have it so all of a sudden, foreclosure was knocking on our door. We should have done the reverse mortgage four years ago when we first heard about Finance of America Reverse. Although I considered four other companies, I had a good experience with Finance of America's professionalism, personal contact, follow-up, handwritten or typed messages, and little old-fashioned things like that which made me feel like this company's going to be around and that they know what they're doing. When I came back to Finance of America four years later, here they still are, and it was great.

    The guidance we got was more than I expected. Kevin, our representative, was excellent. He's a good agent who knows what he's doing and has done it before. I thought I knew more about mortgage than I did but Kevin told me how much I don’t know. They also extended out their option for me to come up with a game plan for future options, which I also liked. He's like, "Look. This has got to get done now." I liked his aggressiveness, which is important. If you want to get the business deal done, especially in Colorado, time is of the essence. It's very hard to get the evaluators to come out to your home. Kevin did a phenomenal job in pursuing the matter and pushing the envelope. Kevin and I put this thing together. He and I were on the same page. He gave me my duties to do, and we got this done in a faster time than I expected. It was a very good experience and I've recommended Finance of America to a friend.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Glenn,

    Thank you for leaving a review. Awesome that your prior experience with us brought you back to get your reverse mortgage complete. Sounds like you had an all around great experience. We appreciate your business!

    -FAR

    Verified purchase
    Customer ServiceStaff

    Reviewed Oct. 16, 2016

    I was trying to find a way of staying in this home for a little longer time. My wife is retiring next year and I've been retired for two years now, so I was trying to evaluate my budget and see what Finance of America had to offer. I talked to six companies and I was lucky enough to get a representative who was first class at Finance of America. She was very top of the line, helped me throughout the whole procedure and answered all my questions. We went through a fairly detailed study with the spreadsheet, which was great and very user-friendly. I was sent all the tables and everything that I asked for they had and they responded within a few hours. I thought I can't go wrong with them.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 15, 2016

    My husband and I are both retired and it's so hard for us to cope up. The Social Security is not enough. My husband did a research on reverse mortgages and he chose five of them, but in his research he found out that the reverse mortgage we've chosen with Finance of America Reverse was the best. Our loan officer was great and did an excellent job. He was patient and knew what he was doing. Besides the excellent customer service, Finance of America gave us ample materials and we read it, we researched and we're happy about it. I would recommend them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Maria,

    Thank you for leaving a review. Thank you for your recommendation!

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Oct. 15, 2016

    I'm 82 and reverse mortgage is the best option for me because I don't want to move nor sell the house. So, it works out the best to have a little cash for the kids when I go. Carol, a broker in California, was familiar with Finance of America Reverse and with the reverse mortgage I had before, and she recommended them. She was real nice. There was all that paperwork, but it's a necessary evil. She was the go-between in all of that paperwork. The guidance that I got was all good. They laid out all the information in front of me and we discussed everything before I decided. The other reverse mortgage company I had was pretty good too, but Finance of America Reverse didn't charge for the closing cost.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 14, 2016

    Finance of America Reverse sent me a letter. They said that I'd end up getting around $22000 for my house and that sounds pretty good. They sent this guy over and he went through the yard and the house. He came back and he said it was 24. It doesn't come to what the other guy was working with. So I told my wife I should sell. I tried selling this house, at first we weren't happy 'cause we had just painted it. We also converted the garage into a second bedroom and we had put stairs going up the attic and it has windows on each side in two rooms up there. It's about almost 40 years old. I cut out part of it and built an eight foot fence out over there. We decorated the whole yard. My wife worked on this for about two months.

    The estimator said he'd come back 'cause there was a couple of bad spots on the house that needed paint. So when he came back, we didn't have straps around the heater. He ran through the thing and he was in a big hurry because I really complained. He took off and left and the loan officer called me up and says, "You're going to receive $9000." I said, "What happened to the 20?" He says, "Well you waited too long and your house depreciated." My wife needed some money for something. I turned around to her, "Are we going to take that?" and she says, "Yeah, go ahead and take it." So we took the $9000. The loan officer kept saying, "Right now, everything is free" but when he sent them back there were whole charges on it. I said, "This ain't free." I don't understand what he's talking about but I know I wasn't going to take that but my wife wanted the money for something. She wanted to pay off that one bill.

    I was very upset and I'm dissatisfied. The loan officer said it was going to be $11000 and pretty soon it just got down to $9000. We never even got $11000, but they did pay the insurance on the house for a year. That was 800 something dollars. But then I didn't understand because we just paid it and he says, "We'll send you a check." We never even got that refund back. We called our insurance company. I really felt like we were being screwed around. And I did send them an email stating that we're just going to drop out. But my wife kept pushing me and they already had that estimator come over, so we got our $9200.

    The thing that really done it was I wasn't happy with this estimator that they sent over for the opinion. The loan officer says, "Well, what they say goes, we got to take their word." I said, "Can I get another opinion?" and he says, "Oh no. The government says that you got to go by with him because he was licensed and all that. You got to go by what they say."

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    Finance of America Reverse
    Response from Finance of America Reverse

    Gary,

    Thank you for leaving a review with Consumer Affairs. I hope we were able to continue to answer all your questions. We appreciate your business.

    -FAR

    Verified purchase

    Reviewed Oct. 14, 2016

    I wanted to keep our savings that we had but still had money available. We were also wanting to do some remodeling so we decided a reverse mortgage was the best way to do it. Finance of America Reverse seemed a fair deal so we did it with them and they gave us adequate money. We were pleased with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    John,

    Thank you for leaving a review on Consumer Affairs. Happy to hear that you are pleased with our service.

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Oct. 14, 2016

    I took out a line of credit reverse mortgage from Finance of America so that if we needed it we could get it. It made sense as a safety blanket for our retirement. They'd cost me just the same as several other companies that I I talked to, but I like what I heard from their representative. They were pleasant, quick, accurate and answered all of my questions. The guidance I received was good and the closing was reasonably fast, even though there was a heck of a lot of documents to sign.

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    Customer ServiceStaffRates

    Reviewed Oct. 13, 2016

    We got hit hard with what happened in '08-'09 and our 401(k) weren't where I wanted them to be so we had to come up with an alternative way to come up with the finances we needed to retire. I looked at several companies and liked Finance of America who wouldn't sell my mortgage off to someone else after completing the transaction. Their rates were attractive, too, and I had a really good rapport with John who was my main contact with the company. He was very informative and only called me back when necessary. He handled his business very well.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Neil,

    Thank you for leaving a review. Happy to hear that your reverse mortgage was handled so well. We appreciate your business.

    -FAR

    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Oct. 13, 2016

    I received a phone call from one of Finance of America Reverse’s agents who said that he was working under the agent who had gotten us the reverse mortgage the first time around and this gentleman said the property values in our area had increased considerably and would we consider a new reverse mortgage. My husband had a stroke eight years ago and we've been having trouble making ends meet. The agent’s figures indicated as if we got an appraisal that was of a considerable value that we could pick up that extra amount of money that we needed for medical tests and so we went ahead and did it.

    It was a gamble, but the appraisal came in. It was a $250,000 for the house and the three acres in 2012 and it's now $360,000, so it did appreciate and they were able to do what they said they would do. Adam, the first loan officer, was great and so I like his judgment so well that I really trusted him and the action with him was very good. The reps were easy and nice to work with except that we ran into a problem at the payout time, which I wouldn’t like other seniors to run into.

    In the process of making the payment on the first mortgage and issuing the check for the first month of the new mortgage, they didn’t factor in Labor Day weekend. They make payment on the first business Monday of the month, which meant that the first Monday didn’t exist because of holiday. We have to have that month’s income because otherwise we're down 50% of our total income for a month and being we're in our 80s, we can't do that. I don’t know whether that check was sitting underneath a pile of stuff on somebody’s desk and never got mailed or if the post office lost it. I went back to them over and over again and the poor man who helped me kept calling that branch of the business and did not get any answers. So I finally called him back in the middle of the month and told him to stop payment on the check and have them reissue me a check, which they did, but I didn’t get the payment until the 20th of the month.

    In the meantime, I had a lot of overdrafts from the people that automatically get payments from our checking account. So I had payments going out everywhere and had about $400 worth of overdrafts in the month of September because of that mistake. It's a very complicated process and I'm not sure if people are warned upfront. The process at the end where you sign all the papers that are required by HUD and by the mortgage company itself has well over 200 pages of papers requiring signatures and it requires a certified accountant in the house while you're doing it.

    I would recommend Finance of America but I would advise anybody to make sure that they take a month’s worth of income upfront as a savings money, which you're allowed to do right upfront. Don’t lock yourself into monthly payments and then have those start a month a late because that’s a terribly bad situation. For elderly people getting the reverse mortgage, they need to get advice. The counseling is good, but it comes before the fact and counseling needs to come along with the process because by the time you get through the process two or three months later the counseling is gone.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 12, 2016

    I felt that Ms. Julie ** was very knowledgeable about the reverse mortgage. She immediately put me at ease because I didn't know anything in the beginning of the journey. She was always available to answer my many questions, everything was done in an expeditious manner. I am very satisfied with the whole process.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Vicki,

    Thank you for leaving a review with Consumer Affairs. Glad to hear our professionals put you at ease. Thank you for your business!

    -FAR

    Verified purchase
    Loan Process

    Reviewed Oct. 12, 2016

    I arranged a reverse mortgage with Finance of America for my sister. She lives on a very small income and not able to make it from month to month. She also doesn't make payments on the house she's living in, so we felt that the reverse mortgage was a good option for her. It was recommended to me by my brother-in-law and sister-in-law who live in Houston. I did most of the corresponding. I found out about the steps that have to be taken to get a reverse mortgage. I got the application information online and made an appointment with the counselor. Then I pretty much conferred with my sister over all the decisions that were made. The refinance options were very well explained and everything was done in a timely manner. They were upfront and clear about what our options would be for getting money back. The whole experience was very painless.

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    StaffLoan Process

    Reviewed Oct. 12, 2016

    I had some financial problems and I needed to do a reverse mortgage to pay them off. When I investigated Finance of America Reverse, they explained everything to me and I was well treated. The loan officer was absolutely great. He was really informative and kept me up to date. I would recommend them to anybody.

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    Customer ServiceRates

    Reviewed Oct. 12, 2016

    I've been looking at several things to do and a way to reduce my mortgage and Finance of America Reverse came up. I had a couple of companies call me but I like the FAR woman I worked with and their interest rate was lower than the others. The only thing I would suggest is that they should have a way of letting us know if they had reported to providers. Since I had no way of knowing whether or not they were going to tell my insurance company and also tell county recorder that they should start sending bills to me, I had to go ahead and look that up. I'm not sure a lot of people would. I found that they had not done that and that’s important because one of the requirements is that I pay the taxes and insurance myself.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 11, 2016

    We have a business and we wanted help finding some other business and doing some extra things to the house. With a reverse mortgage, we didn't have a monthly payment. If we wanted to pay $200 or a thousand dollars in one month, we could do that unlike with a regular mortgage. A lady at my church told me about Finance of America Reverse. Their staff were really good. They called a lot and they made sure everything was done. They helped me to get it go through really fast and they talked me through everything. That was really nice and the process was really easy. They worked really well with me so I liked it.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Lorene,

    Thank you for leaving a review with Consumer Affairs. Glad to see that we helped make the process easy for you.

    -FAR

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    Customer ServiceStaff

    Reviewed Oct. 11, 2016

    I wanted a better quality of life so I decided to do a reverse mortgage. I went with Finance of America Reverse because they were mentioned the most. I saw them on TV and they said they would send me a video which I watched with my wife. It showed me everything I wanted to know and I even passed it on to a friend. My loan officer, Ellen, was great. She kept me up and did everything. She screened me on everything that was going to happen, and even right before we got it, she called and re-screened me again. We’ve been on it a couple of months and it’s nice not to have big debt mortgage payments. It’s working out real fine.

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    StaffLoan Process

    Reviewed Oct. 10, 2016

    Our bills got ahead of us and we were in dire need of some money. We went with Finance of America Reverse and our loan officer was pretty thorough and a good guy to talk to. He explained things well. We had a good experience and would recommend them to anyone.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Jerry,

    Thank you for leaving a review with Consumer Affairs. Happy to hear you had a great experience with our team.

    -FAR

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    Customer ServiceStaff

    Reviewed Oct. 10, 2016

    I had a few large credit card debts and a bank line of credit, so I wanted to get rid of all those debts to lower my monthly bills. The loan officer from Finance of America Reverse always responded to my calls and kept me informed of everything. The guidance was great, there was nothing that I didn't understand. He explained the refinance options very clearly, and answered any questions I had. Everything was very good, went smooth as far as I was concerned, and I was impressed by that.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Edward,

    Thank you for your review on Consumer Affairs. We are happy to hear your loan officer was able to help you understand all the details of a reverse mortgage.

    Thank you for your business!

    -FAR

    Verified purchase
    Customer ServiceLoan Process

    Reviewed Oct. 10, 2016

    We needed some money and got information from two companies. After contacting Finance of America Reverse, we felt like we weren't gonna qualify for a loan but the guy who worked there didn't let it rest. He called, asked us a bunch of questions, and we told him the problems. He said he would find ways to fix them if he could and he did. He finally got it to where we did qualify for the loan.

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    Staff

    Reviewed Oct. 9, 2016

    I live in an area that is growing and I wanted to have new kitchen and baths in the house, and Mark of Finance of America Reverse gave me good information and was very helpful. He was very attentive, gave me all the answers I needed, and walked me through my options. It's done and I was satisfied.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 9, 2016

    With reverse mortgage, it would be easier for me to handle my income which wasn't being stretched right. I was given a list of different companies that could help me with this, and I called until I got the one that I wanted, which was Finance of America Reverse. I've had a wonderful experience with them. The loan officer, Kevin, was excellent. When I worked years ago, I was a loan officer myself. He performed the way I liked to and treated his customers the way I did. He listened to my wants, needs, and concerns. When he said he was going to call me, he did so. He never said he was going to do something, and then I'd have to wait for days. He explained everything thoroughly to me. He went out of his way and never rushed me, whatever time it took for our conversations. He arranged everything so that I didn't have to leave the house. He had the appraiser and the notary come here. He was wonderful.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 8, 2016

    I needed some things done in my house and my social security check wasn’t going to help me get it done. I didn’t know that previously I had applied in 2014 with Finance of America Reverse, but they were under a different name. I had already compared them with other companies before and they said they had changed some of the programs so I was interested to see what those changes were. Both the loan officers I worked with were professional and any questions I had, I was able to call them to assist me. We really enjoyed working with the finance coordinator, Jason. There was Megan, too, and the two of them made the experience real easy and understandable. The company did what they could as far as what the appraiser said, so we made the best of it.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Annette,

    Thank you for leaving a review with Consumer Affairs. I'm glad our professionals made the experience easy and understandable.

    -FAR

    Verified purchase
    Customer ServiceStaff

    Reviewed Oct. 8, 2016

    I turned 70, have no children, and am a widow. I've owned a condo at the beach with three other girls for 14 years and I thoroughly enjoyed it. I wanted my own place so I can go down there for more than one week a month. So I went online and checked several different reverse mortgage companies and contacted them and read reviews. I liked the reviews on Finance of America. When I talked to Matt, he really impressed me as being somebody that would help me through it and really was very knowledgeable and explained everything to me over and over again to make sure I understood. He was absolutely awesome. Whenever I called him, he'd call me back within the hour. I just couldn't ask for anybody to be more Johnny-on-the-spot. He didn't push me into it. He wanted me to know all the pros and cons. Finance of America should be very proud to have him working them. I'm very happy. I hope Finance of America won't disappoint me in the near future.

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    Staff

    Reviewed Oct. 8, 2016

    My son-in-law helped me with my reverse mortgage which was the best action I could think of at that time. We decided to get with Finance of America Reverse and their agent, Crystal, did a good job in taking care of everything. She gave good guidance and I and my son-in-law who was involved in helping me to sort it out were able to follow it. They work with me and I work with them, and I hope it will stay like that. I also hope it will work out for the best for me for the rest of my life, as long as I’m with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Lilli,

    Thank you for leaving a review. Sounds like we did a good job taking care of everything. Let us know if we can do anything else.

    -FAR

    Verified purchase
    Staff

    Reviewed Oct. 7, 2016

    I hit it off with the girl from Finance of America that called me. We talked about my situation financially, family, where we lived and hobbies. She's about the same as age as me, and answered all my questions. She convinced me to go with them. I didn't really know that much about reverse mortgage and she explained it to me in a very easy way to understand. Overall, they're very easy to work with and it didn't take much time. They would set everything up, including the meetings with the notary. And any paperwork that had to be done was easy to do.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Lin,

    Thank you for placing a review on Consumer Affairs. Happy to hear you hit it off with our loan officer and they were able to make the process easy for you.

    -FAR

    Verified purchase
    StaffLoan ProcessRates

    Reviewed Oct. 7, 2016

    Finance of America's rates were better compared with other places, and they have excellent service. They worked in my favor, my behalf. They stayed on top of it. There were different court proceedings that I had to attend that delayed a lot of the closing and they were right on that. They just walked me through it to the very end and they act in my behalf. They wanted to put the loan together for me and they made sure that they did that. They conquered what they were after and they did an excellent job.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Velma,

    Thank you for leaving a review with Consumer Affairs. We are happy to hear that our excellent service helped you achieve your finance goals.

    Thanks!

    -FAR

    StaffLoan Process

    Reviewed Oct. 6, 2016

    This gives me the opportunity to express our appreciation on how Toby ** took us through the reverse mortgage. Could not of asked for anyone more qualified person. He was there for us through each step of the process and was available to us when we needed him. We had a great experience. Very knowledgeable about reverse mortgages.

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    Customer ServiceStaff

    Reviewed Oct. 6, 2016

    We were interested in doing a reverse mortgage. I've been paying on mortgages for over 30 years and I'm tired of it. This way, I can pay off the mortgage, pay off a few more bills and have a little extra money available if we needed it. It took time for us to get the appraiser from Finance of America over here but once we did that, everything went along. I felt comfortable doing it. The rep that I had contact with was a very nice guy. He helped me as much as possible, and kept me informed. And anytime I have any questions, I can always call him back. So we were very happy.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Gail,

    Thank you for leaving a review on Consumer Affairs. We appreciate your business!

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Oct. 6, 2016

    I recently paid off my house. I then have to figure out what I am going to do relative to the future, and reverse mortgages were something I wanted to look at. When I finally decided that a reverse mortgage would work for me, I did a little goofing around and came across Finance of America Reverse and began with my inquiries. In fact, I talked to a couple of other companies, and I was happy with Casey, the representative of Finance of America and the promptness of their responses as compared to the others. I was comfortable with what Finance of America was offering, with the material that they sent me, and with the way that Casey explained everything from her vantage point. We went through the whole thing, and as a matter of fact, we had nice discussions that didn't necessarily apply to reverse mortgages. She dealt with me as a normal person.

    She explained what I can expect, what things I would be looking in, what reverse mortgages entailed, what will be held in reserve, and whether or not I could work on a lump sum basis or if we can put things in a monthly draw. We wound up putting it on lump sum because my wife is non-eligible. I wanted to make sure that if the money was drawn out, then it would be available to her in the event of my death and so forth. Also, Casey referred me to a consultant, which is part of the HUD requirement, so I knew what I should be expecting when I was there and went through it with the HUD person, came back, and all information was then sent to Casey. Casey was very prompt in telling me the material was received and the arrangements have been approved, and we went with the deal. It was a very reasonable process. We did things at my own pace and was able to get it done in a very reasonable amount of time.

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    StaffLoan Process

    Reviewed Oct. 6, 2016

    I felt that the reverse mortgage was the best thing I could do with my house is. I don’t know what other options I would have had unless to sell my place outright and this way I could stay here as long as I live and not worry about paying house notes, just keep up the insurance and taxes. I got along real good with their loan officer. He kept me up-to-date on stuff and back and forth when everything was going, we talked real quite often and there were things I need to get for them. He was very patient, helpful, and he explained to me the best way to do it. He made me understand the retirement options and guided me on my mortgage decision. Overall, I'm satisfied with Finance of America Reverse.

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    Staff

    Reviewed Oct. 5, 2016

    We made a mistake of paying cash for our house and it's a lot of equity wasted so we decided to get some of our equity back. My son-in-law works for Finance of America Reverse and he got all the information for us instead of others so it was convenient. The loan officer's fine but somebody back there jacked his room for nine months. Part of it is we live on an island in State of Washington and everybody on the island is on Wills. For some reason somebody took a disliking to Wills and we kept getting more and more paperwork we need to fill out. It was stupid taking $75,000 off a $700,000 home.

    Even so, the discussion for the refinance and retirement option were all fine and we went through the counseling and the counselor was wonderful. We got the information we needed and it was just we're sitting around waiting. When it finally came around, they sent out a mobile notary to do the work. She showed up and we signed the papers that she had but they said that those were the wrong papers. I'm not sure how the mobile notary didn't have any clue what paper she has other than what was sent to her. It cost another round and another week while they got somebody else out here with another set of papers to sign. And when one gets 270 pages of papers and signing document, it's kind of an overkill. Anyway, it took nine months and luckily I wasn't in the position I was losing my house as some other people are. I would have lost it if I wouldn't have gotten a loan in time to get out.

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    Staff

    Reviewed Oct. 5, 2016

    First time I talked to William from Finance of America, it was like I've known him all my life. He's the only person I ever talked to. He was absolutely the most professional, caring and kind person I could give a recommendation for. And we've become friends since then. The guidance that was given to me was absolutely the best I've ever had.

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    Reviewed Oct. 4, 2016

    We didn't have any other options, so we went with a reverse mortgage for our retirement plan. Finance of America has a good program and they discussed the options to us really well. Although we had a few little hiccups, we got them worked out and it went the way it was supposed to.

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    Customer ServiceStaffLoan Process

    Reviewed Oct. 4, 2016

    Having a reverse mortgage as part of my retirement plan was just a way to get money to do simple repairs and maybe take a trip. The one that I talked to from Finance of America Reverse seemed to be very well-versed on what they were all about, talked to me in simple language and didn't get into a lot of itty-bitty details right off the bat so I felt more comfortable going with them. Their loan officer was very open and answered all my questions right away, didn’t hem and haw around about it. If I had any questions, I'd call him. Even up to this day, if I have some questions, I'd still call him and I'm sure he would answer. It was a nice relationship.

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    Customer ServiceStaff

    Reviewed Oct. 3, 2016

    I was at my wit's end trying to save my property and along with many other things, such as losing one’s job quite unexpectedly and trying all sorts of other possible ways to make restitution for taxes and the reverse mortgage was what precipitated it. The primary person that I started out with, I call my representative and guardian angel, was Jessie. He has been absolutely wonderful and left no stone unturned when it came to making the possibility of the reverse mortgage going through. The other gal that he worked with in the early stages was Jasmine and phenomenal. Then I’ve had several calls with a Natasha who made sure that everything was fine.

    These people that I’ve been in touch with have been knowledgeable and reassuring. They’ve all gone the extra mile with questions and were never too busy to answer a question even if it may have been asked before in a different way. I just can’t say enough of their follow-up with returning phone calls. To get such quality people is a wonderful statement in the company itself. I like the ability that I could call and speak to a human being and that pays off for an organization. I’ve known people that have gone and tried to pursue reverse mortgages with other companies and there's no comparison with Finance of America Reverse.

    When I was in conversation with friends, I have absolutely no qualms to shout at the highest possible tone of the benefits that this company offered. Their biggest thing is the personalization, which I thought is one of the strongest suites of this company, and the effort that everybody has put through to make it work. We closed at the end of August and I have already referred them to at least three people that I know. They're great and I feel very positive about them.

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    Customer ServiceStaffLoan ProcessRates

    Reviewed Oct. 3, 2016

    I want to get rid of my house payment so I have more money to spend right now. I did a lot of research and made my mind up in going with Finance of America Reverse. My experience was cut and dry. Everything went really fast and on time. I was kept well informed and they gave me the best rates. The loan officer was excellent, thorough, courteous and made very fast return calls. She knew up front that I was getting poor quotes than what I was looking for and she gave me exactly what I was looking for. I knew what I was doing which made her job easy also. She did an excellent job and I’ve already recommended her to other people.

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    StaffRates

    Reviewed Oct. 2, 2016

    I was afraid that the interest rates would increase and lots of people said they’re going to. I would have a tough time making my payments so I got a reverse mortgage. I looked up reverse mortgages on the internet, got all of their documents, carefully checked them, and Finance of America Reverse was the best one. I got them and they gave me excellent guidance.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Richard,

    Thank you for leaving a review with Consumer Affairs. We appreciate the opportunity to help guide your through the process.

    -FAR

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    Reviewed Oct. 2, 2016

    I had a few problems with my credit then and getting a reverse mortgage seemed like a way to get it taken care of without getting in and out of serious trouble. I applied at every place but it didn't go through. Two years ago, someone told me that Finance of America could help me get it through. Then I was turned down by another company so I didn't take it to them. Later on, I called Finance of America and the people got on it and took care of my application right away. They came through with what they said they would do. They took care of it and notified me when there were some changes and I try to supply whatever they needed. I'm satisfied with it.

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    Staff

    Reviewed Oct. 1, 2016

    I had to pay off what I owe and did it by using a reverse mortgage. The two girl reps from Finance of America treated me well and presented the options the way they were supposed to. The company did very well.

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    Customer ServiceStaff

    Reviewed Oct. 1, 2016

    I needed to do some repairs in my home and I’ve submitted an application with Finance of America. That was a year before last and they were gonna give me very little, so I said, "This is a joke. Forget it. I don’t want to go back to you guys.” Then this year, it was different and the gentleman who helped me was very good and helpful. The guidance I received was very good and we communicated back and forth on text messages, email, and phone calls. I was happy with them. Very nice, professional people to work with.

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    Reviewed Sept. 30, 2016

    While I was checking out a bunch of companies I found on the internet, several called me back but were concerned about the problems that I might have. Josh, the rep from Finance of America Reverse was one of the other ones who was willing to help and told me that he will take care of whatever problem I had and will deal with it. In the end, the other problem really didn’t matter. However, I scheduled a required class and it was a waste of time and money, but I understand that people need to understand what they're getting into. Despite that, I would recommend Finance of America to someone who would ask me about it.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Mark,

    Thank you for your review. Counseling is an important part of the reverse mortgage process. We're happy to hear you we took care of any issues.

    Thanks

    -FAR

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    Customer ServiceStaff

    Reviewed Sept. 30, 2016

    I needed some home improvement projects done, but I was running out of funds and I found out that I had more money going out than coming in. So at that time, the reverse mortgage seemed like the best option for me. Also, I feel that there's a better protection with a large company compared to a smaller one that can go out of business. So I went with Finance of America, and they've been very good for the most part. They were persistent but not pushy, and I found them helpful. They'd get back to me on a timely basis and answer my questions. The counselor was very professional and informative. I've read all the information ahead of time so it was easy for me to follow her.

    However, there was a problem with getting the money released to me on a timely basis. We were required to have the documents notarized. But the title company that they sub-contracted this out with messed up. I also found it interesting that when the lawyer came to my house with the documents, the notarizing was done in the back office and not in the house, and this caused the delay in getting my funds. Other than that, I still would recommend Finance of America to everybody, though they need to do a better job of finding a more professional title company.

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    Staff

    Reviewed Sept. 29, 2016

    I first went to One Reverse Mortgage, but they did not keep the service. They would transfer or sell the services to somebody else, and I didn't like that. So I went online and looked up some of the other companies, until I went with Finance of America, and my experience with them was very good. The representative answered all my questions, and if I needed some supplementary information, she'd send it to me. The guidance I received was pretty good. In other words, I was really sold on the idea that looking for a reverse mortgage for my particular situation was what I needed. My overall appreciation of them was very good.

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    StaffLoan Process

    Reviewed Sept. 28, 2016

    Toby ** was my contact for getting my reverse mortgage. He helped me get the documents I needed to complete the deal in a timely manner. The whole process took less than a month.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 28, 2016

    A reverse mortgage was the best option for me since I had so much equity into my house and didn't know what I would need in the future. So, I was interested in a line of credit. I liked the loan originator that I was talking to at Finance of America Reverse. He seemed to be upfront. I had checked out different companies and felt more comfortable with them. My loan officer stayed in touch. If I had a question, he got the answer for me. There wasn't any high pressure to complete the loan if I didn't want to. These loans are very complicated. I have an advantage, having been a mortgage originator myself and into real estate before. But the average persons don't have a clue what they're doing with these loans, and these should be explained to them better. Everybody at Finance of America were very nice and efficient. I had a good experience with them.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 27, 2016

    I'm turning 75 and still work. I want to live a little comfortable when I retire. However, I didn't know where else to turn to. Then my family told me about Quicken Loans. I went there and put my name and address, then seconds later, I got calls. I got someone from Finance of America and I felt that I could trust this person. He wasn't pushy and it also felt that he was telling me the truth. He sent me the paperwork so I could look over and he told me that it was all up to me. I still have the paperwork and I gave him all the information and they called me back and forth and how was I doing.

    I had to go to a counseling session on the phone. I was on the phone with a lady for 45 minutes and she made sure that I did understand. If I didn't, I would ask her and she would explain them to me again. I've never known about them before so this is a new experience, and it was a good experience for me. A friend was asking me about the company so I recommended them highly. I told him that it was the best thing and they'll help and won't be pushy. He got the paperwork too and he told me that I was right about them.

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    Staff

    Reviewed Sept. 26, 2016

    We had some business debts and some household things that needed to be done, and we needed the money to do that. We also decided to try to keep our house going until maybe in a couple of years. We’d like to sell it but it needs to be in good condition before we sell it so we used Finance of America Reverse. They were great and we’ve been very pleased with them. Their rep was wonderful and answered all our questions. When we would ask her about things, she was quick to get back to us.

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    StaffLoan Process

    Reviewed Sept. 25, 2016

    I received fine guidance from Finance of America Reverse. My talks with the loan officer were nice, convenient and made sense. I was not having enough spending money at the end of each month but I got a big lump of money and everything worked out really well with them.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Jack,

    Thanks for leaving a review. Glad to hear our loan officer helped bring clarity to our reverse mortgage product.

    -FAR

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    Customer ServiceStaff

    Reviewed Sept. 24, 2016

    Got a reverse mortgage because I needed more money than what my social security would bring me. If I had to redo the kitchen, the bathroom, and other things that I know coming up in the future, I won’t have the means. That's when Finance of America Reverse gave me a call and their rep explained things that I needed to learn about reverse mortgage and it was very clear. I was surprised that there was a quick follow-up by the telephone. The lady who also worked with them came within a couple of days to ask me some questions and for me to fill in some more forms. She had been very helpful and I appreciate that. Finance of America Reverse has done a very good job.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Rita,

    Thank you for leaving a review. We appreciate your business and hope you get to enjoy a new kitchen and bathroom.

    -FAR

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    Customer ServiceStaff

    Reviewed Sept. 23, 2016

    I first did some searching on the internet and then several companies started calling. I spoke to about four companies but I decided if I was going to do the reverse mortgage I would rather do it with an agency or company in my own state. So I dealt with Finance of America near Indianapolis and they're quite nice. It went fairly smooth and I'm getting a statement each month.

    But it's a little confusing and the stack of paper I have is almost two inches thick. I'm thinking of changing the name of the person who will take over the account when I passed because my son is on it. I forced him to do that but he really doesn’t want to inherit this home. I may switch over and put it in a name of another one of my children. I hope I can do that by a simple call and I'll fill out some paperwork. It's nothing that I can't straighten out with a phone call and I got a little card in the mail from the lady who handled my account and she said, “Be sure and call me if you have any questions or anything I can do for you,” which was appreciated.

    The only thing I didn’t like about the procedure was the notary lady who came out to the house. She was here twice and in a big hurry to get in, couldn’t shove the papers at me fast enough to sign, get out, and her husband kept calling while she was here. She kept shoving the papers at me and said that I don’t have to read them and just sign it. Most of us, especially a senior, want to have a little time to read over the information and find out what we're signing our name away for. I wanted to use the B-word on her, but I thought, "No, no, now just keep your head, keep cool." It was not the best, but we eventually got everything done.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Linda,

    Thank you for taking the time to submit a review on Consumer Affairs. We understand that some of the items that are involved in a reverse mortgage can be challenging. We're happy to hear our folks helped you navigate those challenges.

    Thanks!

    -FAR

    Staff

    Reviewed Sept. 22, 2016

    In applying for a reverse mortgage, Joseph **/FAR assisted and worked non-stop until everything was completed as planned. There was a period when Mr. ** was out of the office but maintained full contact at all times. He knows his business, is personable and trustworthy in all he projected. It was a pleasure working with him and FAR.

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    StaffLoan Process

    Reviewed Sept. 22, 2016

    My retirement income does not meet my needs so I chose a reverse mortgage as part of my retirement plan. I've spoken with so many people at Finance of America Reverse and my experience was pretty positive. However, it was kind of a lengthy process and it got a little frustrating at times. But overall, it was satisfactory.

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    Reviewed Sept. 21, 2016

    I like the dealing with the person from Finance of America Reverse who I was assigned to or who I talked with. It was overall a pleasant experience with the communication with her and what was said was followed up with whatever I needed or she would return calls. I'm glad that I did proceed through having a reverse mortgage put in place on my own.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Richard,

    Thank you for your review. Glad to hear our communication was top notch and allowed you to get through the process with ease.

    -FAR

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    StaffLoan Process

    Reviewed Sept. 20, 2016

    I needed to get a reverse mortgage and my financial advisor recommended Finance of America Reverse. It was an easy process. We went to the telephone counseling then they explained the process for a smaller region and we dealt with the Finance America on a one-to-one basis. They worked with us and did a good job. The young man who handled it for us did a great job and we're very pleased.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 19, 2016

    Reverse mortgage is part of my retirement plan. I have more medical bills than I can deal with. I've spoken to a different company but went with FA because of the person I spoke to on the phone. She's the loan officer and was real nice and very willing to answer questions. I didn't get this nice warm, fuzzy feeling from the other person. However, I got the impression that FA was going to service the loan as well, and apparently it's not. I'm very uncomfortable when things change between the entity that gives the loan and the entity that services the loan because I've been badly treated by a loan servicer in the past. When a company turns the money over to a servicer, you just don't know what you're going to get. I need to give it a longer chance to see what's going on, but I was very disconcerted by the letter I was sent and the hoops I was put up with. I was not happy with that.

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    StaffLoan Process

    Reviewed Sept. 17, 2016

    My wife is 82 years old and has Parkinson's disease. I didn't know how much medical bills we're gonna end up with but I knew that $700 a month off of paying Chase Bank, which I always hated doing anyway, would really help out. So I did a reverse mortgage plan with Finance America Reverse. I'm trying to set aside some of that every month for taxes. As long as I can keep those things going, I think everything should work out fine. Reverse mortgages are not for everybody, but I think it was just what we needed.

    My experience with Finance America was all right up until I got a letter saying something about a $180,000 loan. I got in touch with them but they said that they don't send out pink papers. I must have gotten it mixed up with the RSS. I left a word about this for Olivia, the girl that set up the mortgage, but I haven't heard back from her yet. But other than these, everything is fine. Their loan professionals were excellent as well. They were helpful, polite, and courteous - they couldn't have been any better.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 16, 2016

    One of the underwriters wanted me to disconnect my sink and take out the gas stove in the cellar which bothered me because it was all money spent for nothing. However, for some reason, I took a liking to the guy from Finance of America Reverse that answered the phone because he was helpful. I decided to stick with this guy because he knows what he's doing, though it always takes a long time, but it went through, so the experience was alright.

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    Customer ServiceStaff

    Reviewed Sept. 15, 2016

    I got myself in a pinch and I've lost my wife and lost a lot of income. I continued to live on a same plan. It looked to me like getting a reverse mortgage was a wise move, instead of just borrowing more money that I have turnaround pay for it. This way I could pay off most of my debt and get down where I'm comfortable with my income. Finance of America Reverse was the first to call me. I was very impressed with the young man, Thompson, with as much as anything they have. And so that's why I went serious with one other rep, and then I talked to a couple of others. But they didn't turn me on at all, so I went back to Thompson. Everything is fine to date. The bill is paid off. But the only thing that bothers me a little bit is I had some repair work to be done, minor stuff. I told them upfront that I do my own work. But I was not going to do it in the heat of summer, and that was okay. I'll probably get it done yet this month because it's finally cooling off.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 14, 2016

    After recently closing on Reverse Mortgage with Finance of America, I would like to thank our representative, Jamie **. She is the Ultimate Professional, spent many hours on the phone with me answering endless questions with patience & impressive knowledge! She is absolutely the reason we chose Finance of America. Just cannot say enough about how much her true interest & concern for our particular situation helped to walk us through the process from start to finish. Thank you so much, Jamie for everything you did to help us! I will always consider you a true friend!!

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    Finance of America Reverse
    Response from Finance of America Reverse

    Deborah,

    Awesome! Thank you for leaving a review and speaking so highly of our loan officer. We work hard to find the best people to provide a great experience for our customers!

    -FAR

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    Customer ServiceStaff

    Reviewed Sept. 14, 2016

    We had two issues. First was our limited income, because the mortgage was too high for us at this age. Second was the fact that I had a lien for an IRS, that I wanted to do a reverse mortgage to pay both of them off so I could get them off my credit record. I went through bankruptcy in 2003 and even though we kept the house, I still finance it. I put on my credit as a lien, so I wanted both of the liens off my credit report. Nobody bothered to call me back, and then Finance of America Reverse called me.

    Following the phone calls, there was a lot of paperwork. Even though Tracy left, John took over her place. He kept in touch with me every day on what was going on. The paperwork was astounding but necessary. We're dealing with a great company. Finance of America Reverse was very straightforward and honest, which was what I liked about it. I heard a lot of bad things about reverse mortgages, and I'm very happy with what we ended up with. They were very friendly, courteous and they kept me very informed.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Kenneth,

    Thank you for leaving a review. We are happy to hear the reverse mortgage helped optimize your retirement and ease some of issues that created a burden in your life.

    -FAR

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    Staff

    Reviewed Sept. 13, 2016

    Finance of America lets me make up my own mind. They said that they couldn’t give me any advice or show me what to do so I had to do it on my own. They gave me the summary of the options, but they couldn’t say which one was best. I thought it ended up well and as it went along they kept calling me and telling me what was to be next. They were good and they kept in touch as long as it was necessary.

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    StaffLoan Process

    Reviewed Sept. 12, 2016

    I wanted to have a little more money every month by not having to pay a mortgage every month. The Finance of America Reverse rep was so helpful all the way through. He was wonderful. Everything went very smoothly and I never had any problems with any phase of it. I would recommend them to anyone since I've really had a good experience.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Sandra,

    Thank you for your review on Consumer Affairs. We appreciate your business!

    - FAR

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    StaffLoan Process

    Reviewed Sept. 11, 2016

    Getting a reverse mortgage seemed to be the best option at the time. Everything went fine with Finance of America Reverse and Scott, the loan officer, did a good job.

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    StaffLoan Process

    Reviewed Sept. 10, 2016

    I didn’t have any money, so I looked into reverse mortgage and went with Finance of America. My loan officer was nice to deal with. My experience with them has been all right.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 9, 2016

    I was not aware that there is an amount of money that I had to pay the government, and I cut myself short on money that I might need for extra things. I then looked into reverse mortgage and went with Finance of America. My loan officer, Nigel, was excellent. He called me often and very promptly. When I called him, he called me right back. He made the process go extremely well and very smoothly. They came to me in the hospital, and I signed the papers while I was there. They’re good. My experience has been fantastic.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Valerie,

    We're excited to hear that you had a fantastic experience. Thank you for leaving a review!

    -FAR

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    StaffLoan Process

    Reviewed Sept. 8, 2016

    Finance of America Reverse was recommended to me. They're a loan company and a reverse mortgage looked pretty good. My loan officer followed up well on everything. In his type of work, he's probably the best that I've ever had for anything.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Edwin,

    Thank you for placing a review on Consumer Affairs. Glad to hear your process went well

    Thanks!

    -FAR

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    StaffLoan Process

    Reviewed Sept. 7, 2016

    When I checked Finance of America Reverse online, they were the only one that didn’t have a lot of negative feedback. The rep I spoke to was polite and straight to the facts. The guy they sent out to do the paperwork and everything was so knowledgeable because he had a real estate background. He explained a lot of things to us that even the other guy didn’t. He told us we were getting a good deal. And for him to say that when he worked with all of them, not just the one, was a good thing. It was a delightfully complete experience.

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    Customer Service

    Reviewed Sept. 6, 2016

    I’ve been retired for three years and I didn’t want to continue the rest of my retirement living the way I was. So I started looking into reverse mortgage and seen who I could deal with. I started dealing with somebody else and decided shortly that I should get behind Finance of America. There was good communication with my loan officer. He answered emails, left a message and called me back right away which is one of the reasons why I didn’t do it with somebody else. Others will get back to me two days later, so I don’t do business with them. I’m completely and totally glad I did it with Finance of America Reverse. I've recommended them.

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    StaffLoan Process

    Reviewed Sept. 5, 2016

    We lost a lot of money in retirement funds when the stock market crashed so we decided to do a reverse mortgage, and our experience with Finance of America went well. Kevin, the loan officer, did a good job and we didn't have any kind of problems. I was really satisfied.

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    StaffLoan Process

    Reviewed Sept. 4, 2016

    It was really helpful working with Finance of America Reverse. My wife does a lot of research on things and they have the top stars. We got tied up a couple of times. One was on the appraisal, but then the appraisal people were really nice. They came out and acted out really quick. Overall, although it started a little slow in a couple of spots, it was a really good experience.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 3, 2016

    I was on a fixed income and having a reverse mortgage was the only thing that was gonna help me get above of where I was at in order to be able to fix my house again. Finance of America gave me the best deal and I really liked Chris, the guy who worked with me, since he's awesome. I’m still receiving guidance and he calls me once in a while to see how things are going. I’m even supposed to be talking to him later today because I got my first statement in the mail. He wants to review that with me and tell me the ins and outs and what not to do, so he’s cool.

    It took us a while because we started in January and closed in July, but he never gave up, kept up with it, and was on top of it the whole time. He was really nice and real attentive. I didn't know a lot about financial situations so he took my oldest daughter’s phone number, called her, and explained what I was trying to do. My daughter told him she didn't want anybody ripping me off and he replied, “Nope, that’s not what we’re about.” He was very, very cordial and thorough with everything. It was a great experience and I learned quite a bit.

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    Staff

    Reviewed Sept. 2, 2016

    My father did a reverse mortgage before and made out really well. This was during the Clinton days and everything was booming. My brother who was a financial advisor was helping him out. 15 years later, my brother said to him, “Hey, look at you. You’re starting to run low on money here with the reverse mortgage. Let’s go back in and see if we could refinance.” They went back in and gave him the same amount of money that he originally got for the 15 years. He got a whole new 15-year policy at the same money because the value of his house has gone up that much because things were so good in the day. But that was only like a one-time shot. Now, the guy I worked with from Finance of America Reverse told me that I could do the same thing. Any year things look good, we could refinance and maybe get more money in there.

    I’m only two months into it but I did get my first two checks. The other guy that I was dealing with was fantastic, friendly and understanding. He led me through it since I’m not very good with this clerical stuff. He gave me options and different ideas and scenarios which helped me a lot. Practically everyone I dealt with were very nice, accommodating, and almost sound like I could trust them.

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    Customer ServiceStaffLoan Process

    Reviewed Sept. 1, 2016

    I looked into a reverse mortgage because I want to retire. I have social security and a small retirement from the school, but it’s not going to be enough to live on, especially with the utility bills. So, not having a house payment meant so much, since every month now, I’m putting money back into my savings from my insurance and taxes, and it still gives me over $200 to have on my to-do list. My experience with Finance of America has been excellent. Mark, the young man that led me to it, was excellent in every way all the time and answered all my questions every time I called him. He might have gotten sick of the telephone calls, but he never acted like it.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Victoria,

    Thank you so much for leaving us a review with Consumer Affairs. We are so pleased the the Reverse Mortgage was able to make such a positive impact for you and that Mark gave you excellent service. We appreciate your business!

    -FAR

    Verified purchase
    Staff

    Reviewed Aug. 31, 2016

    My house was paid off and I wanted the money for my wife so she could pay the taxes in case something happened to me. The Finance of America Reverse loan officer seemed to know what he’s talking about. I knew when I paid the house off and that I wanted to go with the reverse mortgage so he didn’t have to convince me. They just took care of what I needed. So far it’s been exactly what they said it would be and we haven’t drawn anything out but they're sending me a bill saying how much I had in there. They are very nice about it. I had a hospital stay-in and have put them on hold for a while for about 15 days or so. They’ve done very well and the only thing that I requested is the amount that I asked for upfront. It was there when they told me it’d be there so I’m really satisfied.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Carl,

    Thank you so much for leaving us a review with Consumer Affairs. We appreciate you choosing to work with Finance of America Reverse and are so pleased that you had a great experience!

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Aug. 30, 2016

    I thought it was a good idea to have a reverse mortgage. The loan officer from Finance of America Reverse was nice. I'm happy with my experience and I would recommend them.

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    Verified purchase
    StaffLoan Process

    Reviewed Aug. 29, 2016

    We thought having a reverse mortgage was something that would make life easier. So we got Finance of America Reverse because they have got better ratings in the Better Business Bureau. The loan officer, John, and another one helped us a lot along the way so we understood what was going on. Overall, they are pretty good.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Aug. 28, 2016

    The loan officer from Finance of America Reverse worked diligently to get the loan for us. That’s big a plus for me because the first company I called never got back in touch with me. However, I still have an issue with Finance of America. I really would like to get more information and it just seems as if the information I was looking for was not forthcoming. Some questions were not answered yet. The loan officer said he was not available, but he would get the VP to try to answer the question for me and I haven’t heard from anyone since then.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Aug. 27, 2016

    My mother and I had been inquiring for some time about what exactly reverse mortgage was and we decided to look into it a little bit further. I got her one from Finance of America Reverse and the loan officers there have always been very helpful. They were good in explaining and answering any questions we had throughout the process. They have good customer service.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Juan,

    Thank you so much for leaving us a review with Consumer Affairs. We appreciate you and your mother choosing to work with Finance of America Reverse and great to hear you had a great experience!

    -FAR

    Verified purchase
    Staff

    Reviewed Aug. 25, 2016

    Before applying for a Reverse Mortgage I searched the Internet. I didn't know where to go. I talked to 5 different companies, some were pushy, some didn't seem competent. Several of the companies had reviews with horror stories. I found Finance America, I couldn't find any negative reviews so I started talking to them, my contact was David **. I have bought several house in the past. So I have experience with lenders and mortgage companies. This company is the best I have ever dealt with and especially David **. David was with us 100% of the time, always helpful and with concern for us. I applied for the reverse mortgage with Finance America around July 27th and we will fund on August 26th. My many thanks to David and the FA crew.

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    Verified purchase
    StaffLoan Process

    Reviewed Aug. 24, 2016

    I thought about reverse mortgage a couple of years before but I didn't get all the right answers I wanted. But when I talked to a young lady from Finance of America Reverse, she went through the whole deal for me and has done a superb job. Plus, the guidance from her was excellent. From the time I started until we got through, the process seems really fast.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Diane,

    Thank you so much for leaving us a review with Consumer Affairs. We appreciate you working with Finance of America on your reverse mortgage and so great to hear that your received excellent care from your Reverse Mortgage Specialist!

    -FAR

    Staff

    Reviewed Aug. 23, 2016

    I am writing this note in regards to Jennifer (Bunny) **. She is the nicest loan officer I have ever talked to. She really cares about her clients. I believe she is a great asset to Finance of America Reverse.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Aug. 23, 2016

    The loan officer that I talked with at Finance of America Reverse was very friendly, helpful and had good referral basis for other services related to the loan. She always calls back when I leave a message and usually within 15 minutes so I never had to wait for anything. The whole team that I worked with was very good and responsive. They were always there and worked in an expeditious manner so it actually happened a lot quicker than I expected. I was very impressed with the service as they went above and beyond.

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    Verified purchase
    Customer ServiceStaffLoan Process

    Reviewed Aug. 22, 2016

    My husband and I talked about a reverse mortgage and decided that was the way to go. We knew we were going to stay in this particular home and wanted to be able to use the funds if we needed them. The loan officer from Finance of America Reverse called and explained everything step by step. He seemed very personable. He sent out materials for me to go over, followed up with it, and when we were ready I called them back. The experience went very smoothly. Everything was exactly the way the loan officer described it. We had no problems at all.

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    StaffLoan Process

    Reviewed Aug. 21, 2016

    The service work that was put by several persons employed by this company deserves recognition... I would recommend any one who is looking for doing a reverse mortgage this company. The attention we received while in the process of the paperwork involved to make this happen was excellent.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Aug. 20, 2016

    About 11 years ago, I had just retired, started a divorce, and then the house burned down. Where I work, they paid an extra year, gave my pension to me, and put the check in my old account which will make interest. When I was telling them we got a date set for the hearing and I would call, my lawyer won't answer, and when I called they said he's no longer at that phone number. I had his cellphone number, called and thought he answered it. As soon as he heard my voice, he hang up. So, I called the police department and I explained everything. They said, "Last month we went and arrested him. He's got two felony charges. He was stealing money from his clients." So that put that divorce on hold. Then he got two to four years sentence, so I didn't have any money and then they're screaming I had a couple of bills that I need to pay.

    Then I saw on television about reverse mortgage. I had enough money from my half of the sale of our house, so I got a reverse mortgage so I could pay some of the bills. And then Finance of America had the people that were helping me. Ben said, "Call me anytime. I'll give you my cellphone number. Even if it's late at night, if it's something important, give me a call." That was nice. They got me the money that I needed and then all of a sudden they come out with the hearing. I couldn’t afford a lawyer so they start changing things around. Finance of America was very good.

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    Finance of America Reverse
    Response from Finance of America Reverse

    William,

    Thank you for your review and sharing your story. We're happy that we were able to help you get through that challenging time. We appreciate your business!

    -FAR

    StaffLoan Process

    Reviewed Aug. 19, 2016

    Our mortgage person Scott ** was so nice. Walked me thru the whole process. It went off without any problems and I was very pleased.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Diane,

    Thank you so much for leaving us a review with Consumer Affairs. So glad to hear Scott gave you such excellent customer service. We appreciate your business!

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Aug. 18, 2016

    We had a absolutely horrible experience when we 1st got this reverse mortgage. When I started looking to refinance my mortgage, I ended up talking with Olivia, & instantly she shined through & I knew she could help us. Olivia is so bright, kind, & considerate I could go on & on. Always attentive & keeping us up on everything. Olivia is so honest & quite a breath of fresh air. You're very lucky to have Olivia working for you. She is quite a extraordinary young woman & will go far in her career. Thank You Olivia!

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    Customer ServiceStaffLoan Process

    Reviewed Aug. 18, 2016

    I highly recommend Mr William **, Specialist in Reverse Mortgage. He is the most detailed oriented person and has such a kind heart. I was scared to do this reverse mortgage but he put all my fears at ease and called me with updates throughout the process. I had a million questions and he had an answer or found it out quickly. You can't go wrong with this company and especially this specialist William **. He's the man!!! A very satisfied customer.

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    Verified purchase
    StaffLoan ProcessRates

    Reviewed Aug. 16, 2016

    I have a bunch of free money sitting on my equity on my house and thought I’d get some of it out. I was online, filling out a claim at LendingTree and Finance of America Reverse called me. Their interest rate was too high but the lady that handled it was pleasant and fun, and did all of her stuff right. However, whoever they sent to do the closing had to come back three times in order to get it right because they didn’t get all the right stuff signed. But I didn’t have to make an appointment. I told her where I was going to be and what time, and she came to meet me where I was. After that, before she left, she said sorry.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Lelan,

    Thank you so much for leaving us a review with Consumer Affairs. We appreciate you working with Finance of America on your Reverse Mortgage. Great to hear you had an overall great experience with your Reverse Mortgage Specialist!

    -FAR

    Verified purchase
    StaffLoan Process

    Reviewed Aug. 16, 2016

    The entire process was done very professionally. My representative Mr. D ** was extremely helpful and knowledgeable and very pleasant to work with. All of my

    questions were properly addressed and satisfactorily answered. Complete transparency for the entire deal. I recommended this company to a relative who also secured a reverse mortgage.

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    Customer ServiceStaffLoan Process

    Reviewed Aug. 16, 2016

    I had been thinking about doing a reverse mortgage. I filled out questionnaire - I got a couple of responses but I still wasn't quite sure. However this one gentlemen was very persistent so after a month I called him and I am glad I did. Right away I felt like I had know him for some time. He went through the whole process with me and I had done my homework so I knew a lot. He never pressured me and after a couple of days we started. I had to do some improvements to my home per their guidelines - there were road bumps and at times I was very frustrated however he never gave up - always called and let me know what was going on and he always returned my calls and told me to hang in. Well it did happen and my stress level is done 100%. So I would recommend highly in dealing with this company and if you are fortunate enough the gentlemen who went above and beyond for me was Chuck **. Thanks Chuck.

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    Verified purchase
    Customer ServiceStaff

    Reviewed Aug. 16, 2016

    Having a reverse mortgage means I'm not required to make any monthly payment on the amount of my loan. I looked up reverse mortgage providers on the internet and Finance of America Reverse was rated No. 1. Their reps were very helpful. I talked with Jazz who was very friendly. Every time I call, he’s always there to answer my question, and if he's not there, I leave a message and I get a call from him back without waiting for days.

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    Verified purchase
    StaffLoan Process

    Reviewed Aug. 15, 2016

    Everybody was nice at Finance of America Reverse. A lady came to the house with the appraisal and that was the end of the deal. Overall, I was very satisfied with my experience with them. However, I believe they said I would get 59% or 69%, but I didn't get that. On this paper I received yesterday, it was more than what the appraisal said. I really should've gotten more because they were supposed to have someone do the paperwork or help me with that, but my son helped me. I might have been expecting a little bit too much, but it's okay.

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    Finance of America Reverse
    Response from Finance of America Reverse

    Hi Edward,

    Thank you so much for leaving us a review with Consumer Affairs. So great to hear you had an overall great experiences working with Finance of America. If you have any additional questions at all about the terms of your Reverse Mortgage please let us know!

    -FAR

    Verified purchase
    Customer ServiceStaff

    Reviewed Aug. 14, 2016

    We needed to have some repairs done to our house after last winter, and we chose to do a reverse mortgage. We went with Finance of America Reverse based on their response and the representative that called. She kept me up-to-date with what was going on and what to expect, which was wonderful. Her name is Diana and I feel like we’re friends now.

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    Finance of America Reverse Company Information

    Company Name:
    Finance of America Reverse
    Company Type:
    Public
    Year Founded:
    2003
    Formerly Named:
    Urban Financial Group
    Address:
    8023 East 63d Place, Suite 700
    City:
    Tulsa
    State/Province:
    OK
    Postal Code:
    74133
    Country:
    United States
    Website:
    www.fareverse.com