
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).
Visit www.financeofamerica.com- Refinancing options
- Loans up to $4 million
- No origination fees
- Proprietary product only in 28 states
Finance of America Reverse Reviews
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Reviewed April 22, 2020
Getting a reverse mortgage seemed like a good idea to save on mortgage payment and to have the security that it offers. We spoke with Adam, the agent from Finance of America, and we really clicked with him. He worked with us and didn’t rush us. He was always honest about what things were and was good to work with, so we stuck with them to the end. We followed the protocol and altogether, the whole process took six weeks. We were also satisfied with the rates and terms of our mortgage. We got a good interest rate, which happened to be pretty low that week, and we were happy with that.
Reviewed April 22, 2020
I had been communicating with Finance of America Reverse for over a year, and I always felt committed to them. Their customer service was excellent. I was working with one young guy named Andrew for that whole year. The person who came over the house to sign the documents was, however, a hired service and they weren’t very good. They didn’t have all the paperwork in order and they had to come back two or three times.
Reviewed April 21, 2020
I considered doing a reverse mortgage a couple of years earlier, so I had a contact. When I called her, she was no longer doing those and she referred me to a rep at Finance of America Reverse. The rep was very nice and easy to work with. She was very upbeat and had a great phone voice. I never did meet her in person, but she was very honest and to the point. We had to go get over some hurdles and she worked with us to get over them.
The process took a lot longer than I expected. I gave them the price of the house and what it appraised for the last time we had it done. Then, they verified how much income we had. After that, they needed more and more different things. In the beginning, they said I didn't have to have my income tax returns but I had to end up getting all those to them and a whole lot of other stuff that I didn't plan on having to do. I also had to pay off some credit cards to get it. Also, I didn't get the money that I wanted to get out. Our house is over a million dollars, but they only go up to 765,000, and we only owed 180,000 on it. They gave us 43,000 cash-out and that was it. The rest were kept for taxes and insurance for the life of the loan. The rep said once we can redo the loan and do it over a million, then we should be able to take out a lot more money. Next year I can take out about 25,000.
Reviewed April 21, 2020
I liked how Finance of America Reverse was in touch with me. I felt very comfortable with the salesmanship and the experience of the individual with whom I worked with. Everything went smoothly when I went with them.
Reviewed April 20, 2020
I'm an old guy who was looking for something that was a little bit like long-term care insurance, which you couldn't buy if you are an old person. Choosing Finance of America Reverse involved a number of things -- reliability, customer service, stability and a lot of comments I saw online. I had mixed feelings with my loan officer. The actual person was, probably, good and helpful, but the administrative people behind him were atrociously bad at what they were requesting. It was totally ridiculous. I had to call in people which costed me thousands of dollars, and extended the time for a month. Every expert that came in said that what they had done was absolutely stupid. In a sense, it was amazing that I went through it.
I'm still going through the process for stupid reasons. For example, there is a little, tiny hole about 4” x 4” in one piece of wallboard in our living room, and their folks say that that has to be done by some licensed contractor which will cost me many hundreds of dollars. I could get a handyman to do it easily for much less cost, but they won’t accept that. And then, we are in lockdown because of the COVID-19. I'm very high-risk, and they insist on getting some arbitrary guy, who is an inspector, off the street to come into my house and inspect the results done by the certified contractor, who also has to come into my house. I don’t like it.
They said talk to the FAR people back at the office, which I did, and they said, “Sorry, there’s nothing we can do about it. You have to do this.” I'm dissatisfied overall. The theory behind the whole thing is good and much of what was done was good, but this insistence on incredibly stupid things makes me resistant on trying to advise anybody to use their services.
Reviewed April 20, 2020
I had a lot of questions and Finance of America answered them. I needed money to pay off a credit card that was really high. The reverse mortgage I got fixed it and gave me some money to catch up on everything. The loan officer had never done a reverse mortgage and really didn’t know what was going on. So, I had to help them. I thought they were kinda stupid. They should have reviewed what a reverse mortgage is. Also, I thought I would get more money, but that’s the way it goes. I’m sitting pretty now.
Reviewed April 20, 2020
I had some of my neighbors indicate that a reverse mortgage is something I should look into. When I finally decided to follow up, I had a very good friend go online. He and his wife narrowed down the choices to five, three of which you could only do online. The other two were Finance of America and AAG. A couple of years ago, before I paid off my mortgage, my neighbors told me about AAG. I followed up and got some information, but considering how much I had left on my mortgage and what the house was worth, I didn't think the end results were satisfactory. I dropped out of that and let them know that I was not gonna do anything until I retired.
This past September, I was able to pay off my mortgage and retired. I followed up on getting more information and went with Finance of America because the gal I have been discussing with here in Kansas City gave me the information that I needed in a concise manner. The rates and terms were fairly close to what AAG's were, but I was a lot more comfortable with her than I was with the other individual. Also, I like her hands-on approach.
Being as she was in the same metropolitan area I was, she came out to my house to explain things. And when the closing came up, she came out as well. We went through everything and I kind of understood it. With the AAG person, I was on the phone for three million hours through many contacts, which just drove me up a wall. I was more satisfied with the efficiency and the not bugging me that the Finance of America's gal did. When I finally made a decision, the application and underwriting process went fairly quickly.
Reviewed April 20, 2020
I had looked into AAG and they were too much. With Finance of America Reverse, they gave me 3.19 interest rate for the first year and nobody could get down, at that time, under 4. And then there are the increments that they could increase, which people can’t interpret and weigh for long-run dollars and cents. My only problem with FAR was how long the process took. It took three or four months and it was because the inspector, who said he had been doing it for 30 years, gave me the final choices as far as yay or nay. I was not going to any fires, and the market here has gone bananas. Over the last five years, I have increased -- we bought this in the 90s and the value on it has gone through the roof. It is about 400 now. My inspector was a joke. I also had to take pictures that he failed to grasp while he was here. He was not very impressive.
Then they gave me a list of people to contact, so it was dumped on my lap. I have got a 14 x 16 shop out back, and they did not look at it at all. And so, they wanted to see to make sure it was not a critter farm because we have a lot of critters here -- we used to breed pugs. The loan officer, on the other hand, was great. He was personable. I tend to talk too much and I can tell what kind of people I'm dealing with it because I have done it my whole life. A lot of people want to do it quickly. And I was trying to get my budget together to try and keep myself from having to go back to work, and it has worked out well.
Reviewed April 19, 2020
After checking around, the deal was best with Finance of America. The margin and the closing costs were the most competitive out of the four companies that I checked. The loan officer did an excellent job. I was impressed with his excellent communication. He made sure that I knew what was going on. I got everything that I needed and was waiting for him, he was timely. He was also very thorough and quick. The closing went smoothly. I've done a fair amount of mortgage closings before and this was a very good type of experience.
Reviewed April 19, 2020
I went online and I contacted lenders, gave them the assumptions, looked at the terms, and made my decision. Finance of America Reverse was just great. The person that I dealt with was Eric and he was excellent. I always wished the rate would be lower but it was the most competitive rate that I found.
Reviewed April 19, 2020
Someone told me that it was a good thing to do a reverse mortgage to eliminate the mortgage bills so that you can get everything in place and retire. So that's what I went with. But I didn't realize it was such an ordeal. The process took a little bit longer because Finance of America messed up on some of the things. I had to get the house and they had to be assessed twice because they screwed up and missed some things. They also looked over different things that they shouldn't have. There were different things they had to do that they didn't.
I was upset at the time because I had already gone through one company, AAG, and they kept dragging it on, and I thought, "Here we go again." I was a little bit disgusted thinking this was supposed to be such an easy thing and it was not. But it got done so that was good. Everything seems to be fine right now. Plus the agent that I worked with, Jamie, was absolutely wonderful. She kept me informed of what was going on at least once a week. I have even given out the phone number to other people that I work with.
Reviewed April 18, 2020
We chose to do a reverse mortgage because we needed the money. Finance of America was the best one for us. Our loan officer was very good. Her name was Julie. She kept us informed of what was going on and did her best to help us in any way she could. The rates and terms were okay otherwise, we wouldn’t have done it.
Reviewed April 18, 2020
My mother's caregiver expenses are so high and we were trying to find a way to cover that without having to cash in all of her investments. Getting a reverse mortgage with Finance of America for her was a long process, but it was not any longer than getting any other kind of mortgage. All the stuff that had to be done and found, the paperwork and having the property inspected took a little bit of time. However, the loan officer was wonderful and incredibly helpful. He really went out of his way to help us. It would’ve never happened if it hadn’t been for him. The rate and terms were what I was expecting. It was what we had kind of talked about from the beginning.
Reviewed April 18, 2020
I couldn’t pay my bills anymore. All I had in the world was my equity in the house. At my tender age of 86, doing a reverse mortgage was now a good idea. I got sent to Finance of America and I ended up with Amber. She was wonderful and I loved her. I wanted her to climb on a plane and come out here for the closing but she didn’t. But she was like a bosom buddy by the time we got finished. Once all the preliminary stuff were done and it was okay then I ended up with someone else.
I’ve done a lot of the repairs that Finance of America required. I paid for it all out-of-pocket and there was around 10,000 withheld for repairs. I’m waiting for them to reimburse me for my out-of-pocket. But everything is moving along really well. My experience has been great, in view of the goings-on in the country here. The appraiser came by and took a whole bunch of pictures. He was really happy and he was gonna send his results out the next day. I’m very satisfied. Everybody’s doing a great job.
For a long time, my kids didn’t understand reverse mortgages but I was very well-educated along the way so there was nothing slippery at all. A lot of people do it at the wrong time of life I think. My next door neighbors lost their house and they ended up living in an apartment downtown. But they did the reverse mortgage when they were too young. I’ve got enough years left under my belt to live like a human being instead of a pauper. My shrink just said to me the other day that I'm so much happier now since I did the reverse mortgage. I was worried all the time before.
Reviewed April 17, 2020
They were the best of the few that I checked. But the process was long. We started in September and we ended in January. There was a lot of things that had happened that didn’t seem to be normal. They had to have two appraisals. The appraisers take time to schedule and then the appraisals didn’t match each other. It went on and on. The rep that I dealt with kept getting inundated by Finance of America Reverse for more of this or that. It seemed that things kept going on. He said, “Oh, we forgot this,” or, “We gotta do this,” or, “This needs to be done now that we’ve done this,” when they could’ve been done all at one time. But overall, everything went fine.
Reviewed April 17, 2020
Finance of America Reverse kept asking for more information and I had to keep sending it to them. I didn’t have to do that with the first one. They were driving me crazy. I have a second house which I rent and they wanted to know if I had insurance on that house. I just needed some immediate help right then to take care of some problems but I told them I don't want it anymore. The girl asked me to hold on and she called back in the afternoon and said the process going through. The girl I dealt with was wonderful. She was compassionate and caring. She’s the one that finally got them to okay it.
Finance of America Reverse must’ve put somebody’s money in the wrong account so my insurance company can’t do direct deposit unless their name is on my account and it’s not so they have to send me a check. They told me to sign all the papers, and they'll put the check in the mail. I didn’t get it until the following week instead of just three days. I would not recommend them to anybody.
Reviewed April 17, 2020
We haven’t had to draw anything down, but everything’s gone well with Finance of America. We did a reverse mortgage due to our age. We’re comfortable financially, but we always know things come up, and if we need it in case of emergency, it’s there. It’s available within a couple of weeks, and once my bank sees that I did a draw, they’ll allow me to draw on them and get a 10-day signature loan. It’s coordinated out really good that even if we have problems with the kids or the kids have an emergency, we’ve got extra funds that we don’t have to go after our liquid assets and drain ourselves down that way.
It’s for peace of mind that it is available. When we pass on and the kids inherit the house, there’s a minimal cost, and we won’t draw anything unless we have to, but it’s there. The application and underwriting went really well. They did the counseling and the application. With us, once we saw everything was going so fast, we said, “Whoa, let’s step back a minute and make sure and see.” Everybody was courteous, and they waited. Maybe I frustrated them a little bit, but they didn’t show it. So, that all worked out really good for us.
They stayed in good communication. They’re going through a kind of the same situation, so they explained to us why they were doing theirs and things that came along. If you decide you wanna sell the house, then there’s a few things you gotta do before then. You can draw that down, and then sell the house and payoff your loans, so it gives you a lot of flexibility. It doesn’t rush you through. You’re not caught between a rock and a hard place and have to give away the store to get whatever you need right then. The reps understood and allowed us to do it at our pace.
Reviewed April 16, 2020
I called a couple other companies and they were not very nice. I got an email about reverse mortgage, so I called Finance of America Reverse and Ellen was very good to deal with. She was excellent and that’s why I stayed with them. But I held off for a while because there was gonna be more money coming out after the first year. But once we got started, the process took three weeks. They were excellent. They did what they said they were gonna do.
Reviewed April 16, 2020
I talked to four separate outfits over a year and a half and the Finance of America Reverse person happened to hit me at exactly the right time. She was charming and very pleasant throughout. She was also very matter-of-fact and spoke my kind of English. I had looked into reverse mortgage fairly thoroughly and I thought that if I was gonna do it, she was the perfect one to help me because I could tell she was honest. She had exactly the right disposition to make a deal with me and she was very attentive to everything that I suggested. She should be attentive to it. I’m an old man and she’s not. I am more experienced in life. We almost got to be good friends on the cellphone.
The appraiser selection could be improved though. I’m a real estate broker myself, so I just went to the Real Estate Commission website and looked up the first appraiser they sent. He had had a violation of rules of some kind on his record. I found it and I called the loan officer. She said they'd get somebody else at once. They sent another guy and he was about $40,000 light on the appraisal. About three weeks ago, not long after I closed, the place right next door to me sold for about $40,000 more than my house and I have a bigger lot, a better view, and a much more interesting house. I'm on my second month of not having to pay a mortgage, and I’m discovering what I do have to pay. I’m aware of that now and I’ll make the right decisions, I hope.
Reviewed April 16, 2020
Finance of America was the only one really willing to work with. I was really happy with their rep. He kept me informed and I was impressed with the way he kept in contact with me and was quick to return calls when I called him. The overall process was a little more drawn-out than I thought it was. He told me it should take around 90 days, and it took about 120 days. But I'm happy with the rates and terms. The reverse mortgage helped me quite a bit. It's given me a little extra money when I needed it.
Reviewed April 15, 2020
We felt like a reverse mortgage was a better fit for us. Finance of America talked to us and it sounded like it was something we wanted to do. The application process was pretty thorough. We had our loan officer once before on something else and so we already knew a little bit about her. She was nice to work with. As far as the rate, it is pretty good. The process took quite a while, but working with Finance of America is going to be a big help to us.
Reviewed April 15, 2020
After we checked into everything, getting a reverse mortgage seemed like the best way to go for what we wanted to accomplish. The lady that we dealt with was very responsive and understood everything that we had gone through along the way. She was the reason why we went with Finance of America. We also looked at the company that Tom Selleck advertises for and we weren't really impressed with the gentleman. He was very pushy and that was not the way the Finance of America loan officer dealt with us. The process of obtaining the mortgage was pretty smooth. We had some issues along the way- we got sick and had a death in the family. But once we worked our way through all that, everything went well.
Reviewed April 15, 2020
I saw Finance of America on my email and I left some information. When I got the phone call, Nicole started talking. I thought she was associated with somebody else but she wanted to talked to be about reverse mortgage. I was a little leery when she asked for my details but she sounded so nice, I gave it to her. Finance of America gave me a whole better deal.
I called my cousins and the Better Business Bureau in Tulsa, and I got a lot of positive feedback on that. After that, there were a few little bumps and bruises that we went through, but she took care of that in a professional manner and made sure she documented everything. She’s remarkable and she’s enthusiastic about addressing my needs and my questions.
So far I’ve been getting whatever little money that I’ve been getting, and I’ve been putting it on the house and remodeling because that’s what I really wanted the money for-- to remodel my house because my house is 52 years old. I put in my request to get the money and no questions asked, they only asked for five days. Overall it's been a real positive experience with Finance of America Reverse.
Reviewed April 15, 2020
I made a promise to my grandmother that I would keep her in her home. She ran out of money and I was supporting her. And then I got pregnant and now, I'm about to have my baby. I couldn’t afford to carry my grandmother, have another child and everything and deal with it. My grandmother didn’t really have a credit score because I’ve been taking care of her for quite a few years. With no credit activity, you’re not gonna get a loan or anything like that. I was talking to a few people and they told me why not let my grandmother's asset pay for her to be at home. That was a really good idea. She works hard for the house. Why not use it to make her life better. That’s what we decided to do and that’s ultimately why we decided to go with a reverse mortgage with Finance of America.
Autumn was our rep and she was phenomenal. She was very understanding and I had no problems with her. I felt like she had a good personality and it wasn’t like I was just a number to her. I like that because I’m very family-oriented. She was what prompted me to go with the company after all of the people that I had talked to. I talked to probably 10 different companies. But I liked how Autumn spoke to me. She was not like a robot. She said that they should be able to get this done in a month and there shouldn’t be any issues. That was great. But whoever was above Autumn was dumb as a box of rocks. It ended up taking six months. I started the process in August and it wasn’t finished until the end of January.
I had to resend information multiple times. They stated that they didn’t receive it but I had a proof that they did. I had to go back and redo stuff because they didn’t do it right the first time. I told them up front that I was my grandmother's power of attorney and she had dementia. They chose to try and do it through her name anyway. I told them they can't. Legally, she was not able to make that decision. Instead of listening to me the first time, they made me go back and redo everything. If it wasn’t for Autumn, I probably would have walked away from the company. She tried her best and she was very diligent. She stayed in contact with me.
Also, I feel like the rate and the terms of the reverse mortgage changed at the end. They were supposed to take care of my grandmother's homeowner's insurance, taxes and everything. I wasn’t supposed to have to deal with it but I am having to deal with it. The percentage changed too. It was at 2.69 and it ended up being like a three something afterward. At that point, I was fed up with it and I didn’t care anymore. I wanted to be done with it and move on.
Reviewed April 14, 2020
Finance of America was the first one that responded to me. I really liked their rep, Ed. He did a really good job. He was very easy to communicate with and he was like somebody I’d known forever. He was very friendly and made it very easy, and when I got worried if I e-mailed him about something, he’d get right back to me on it. I’m really happy now that I've done it because of all this crap that’s going on. I don’t have to make that mortgage payment which was my biggest expense. It’s really nice right now because I thought, “Well, if I ever receive the $1,200, I would just put it on my Visa because I’m pretty much charging all my food because I don’t want to touch money. My son uses my card and does my shopping for me now.
I was a little nervous about getting a reverse mortgage but I had to make a choicer whether I wanted to stay in my house, which I've lived in for 50 years, or whether I should move and start some place else all by myself and that just seemed stupid. My children will just get a little less money but then my daughter told me, “Mother, you've worked hard all your life and raised three kids and helped out with your grandchildren. You deserve to be where you want to be.” This is my nest here. It always has been. Finance of America gave me a reason that I could stay here. They gave me a place I could go to and so far, I’m not unhappy. I’m glad I did it.
Reviewed April 14, 2020
A lot of people called up here about getting a reverse mortgage ever since I started getting my mortgage loan. I was gonna get one somewhere else, but I was looking for the right people. Then, I talked with Monica from Finance of America Reverse and I liked her. She told me all about the people she went through and she was really nice. She came in number 2 in the whole company but she should be number 1 because she knew more than anybody. She was very good and she talked me into getting the reverse mortgage with them.
With Finance of America, I got more than I expected and they did a good job. They paid my mortgage back off and they paid even the homeowners. They paid the tax off, too. But now, I gotta stop paying this July. Finance of America also sent me back a $30 check that they overcharged me for landscape inspection. Now, I got rid of everything and I even got a booklet. I’m going through it about all the people that I got money spent on. This time I’m gonna be in charge of the money and now it’s gonna last.
Reviewed April 14, 2020
There was work that we needed to do in the house. We went through a couple of financial hiccups. We already had a mortgage on the house and it wasn't a lot but it was big enough. My daughter told me that we needed some time to regroup and still be able to take care of the things that we needed to do. My daughter is a mobile notary and knew how reverse mortgages work. In addition, I had done a reverse mortgage with my father. My daughter did some research. She said that what we could do was pull some money out of the house. We didn't have to make payments on it right away and this would give us a breather to get the stuff that we needed to get done and get everybody's income back where it needed to be then we could start making payments.
My daughter made me do a reverse mortgage with Finance of America. She initially looked at three or four different companies. She chose to go with Finance of America because they were their own lender and she liked the response of the team. The customer service that we got during the process was absolutely amazing. They worked with us.
Julie was our rep and we couldn't have had a better experience anywhere else. We liked her transparency and her dedication to her clients. She works like my daughter works. Her clients become her family and Julie was very good with that. She would even email or call just a second to ask if we were okay or if we needed anything. She and my daughter became kinda close throughout the process. If we had a question and Julie didn't know the answer, she'd find it. Within 24 to 48 hours, she was getting back to us with something, even if it was just to say she had not gotten any answers yet but that she was still working on it.
The only drawback was there were a couple of places that were saying that if we went with them, they would reduce the closing cost or there would be no fees and this, that, and the other. But we stuck where we were with Finance of America. We were so pleased with the service that we didn't even complain about it and sucked it up. With Finance of America, it has been wonderful. My stress level is down. We got through this before the whole COVID really took off.
Reviewed April 14, 2020
Finance of America did a great job for me. They gave me a new life. I would have been on the street. They got me the reverse mortgage. I put my house under my son’s name in case anything happened, and everything got all screwed up. Julianne was my rep. She did my reverse mortgage and she was great with me. She called me at hours that I didn’t think she worked. She was my angel.
Reviewed April 13, 2020
I did a lot of research and I got the best service from Aaron. He was very responsive and very knowledgeable and very thorough in answering all my questions. He didn't get frustrated with me because I get into the weeds and he didn’t seem to mind. So it was a pretty good experience.
Reviewed April 13, 2020
I wanted to get a car and peace of mind and got a reverse mortgage from Finance of America. It was slow, but it went through. I needed inspections, then I needed a notary to come out twice to sign papers and the paperwork was about 50 pages. Also, I wish the rates and terms were better, but I have no choice. However, Francesca, my loan officer, was very pleasant and knowledgeable. She went out of her way to try to help me.
Reviewed April 13, 2020
I had other agents call me up and they wanted to help me out real bad, but I picked the rep from Finance of America because I like their rates and the percentage they gave me and I was very satisfied. But I didn’t really care for the rep's service too much. He kept me waiting all the time and he wouldn’t do what I asked him to do for me. And he never returned my calls.
It was unbelievable what he made me go through. It wasn't anything critical that I should be alarmed, but at the time, I wanted my deals to go through and I didn't wanna be waiting. I needed the money real bad and I waited almost two months. I have two other clients that asked me for his card and I’m debating whether I should give it to them because I wasn’t really satisfied with him. Other than that, I’m very pleased. They got other clients and they got their problems, too, so I would take that into consideration. I’ll give the rep a little credit. He helped me. It’s over right now and I’m okay.
Reviewed April 13, 2020
Finance of America Reverse called me back and I was given Nick as my loan officer. He was always there and if he didn’t answer the phone, he would call me back very shortly. Any time I needed a question answered, he would answer it. I really liked that. Everything so far is all right and couldn’t be any better. Finance of America is the best I’ve ever had. I don’t worry about having to get money in the bank every month. I’m trying to get everything paid. But right now, it seems like everything’s gone to a standstill and everybody’s got a problem. I didn’t know I was gonna have to let that much holdback. I thought I was gonna be able to use that to pay one of my credit cards. That’s the only thing that. I wasn’t understanding all of that.
Reviewed April 12, 2020
My wife and I had heard about reverse mortgages and decided to see if one would be right for us. After talking to different companies we were and fell in a unique situation and a few were either unwilling or unable to assist us. But Taylor of Finance of America Reverse took the time and effort to get us approved with a loan that was agreeable and beneficial for us. Without his effort, this would not have been possible. We not only appreciate his effort but would highly recommend Taylor and Finance of America Reverse. Both went above and beyond what the others did to accommodate us.

Thank you for your wonderful review, Garry! We are delighted to hear of your positive experience, and we're glad we were able to help you achieve your goals with the reverse mortgage.
Reviewed April 12, 2020
My brother went to Finance of America Reverse and it worked out good for him. So I gave it a try. EJ, the lady that handled it, did a beautiful job, and I liked the way it went. It all started with a paperwork in about 50,000 pages, and then a lady come and went to them all and checked them all and did all this Math. I would have liked a little bit more money for my property. But it worked out fine. I just talked to the people at the bank the other day and I asked them if I could put more money in the bank. There’s 28,000 in there and I asked if I could put two more thousand in there and keep the same interest, which is 5%, and they told me I could. Everything’s just working out great. So I’m happy with it and my kids are happy with it. They don’t want the house and they got a year to sell it after we’re gone, and they can keep whatever is left after they pay it off.
Reviewed April 12, 2020
I'm done with Finance of America Reverse. There was a lot of money and a lot of time spent on the process. I did the reverse mortgage because my wife has dementia and I went bankrupt. But every time I turned around, they had changed their mind. They would say we were ready to close but then they would say we couldn't. They would need and that. It was just a piecemeal. It would have been better if everything was known upfront instead of dragging it. I also had to go to court and become my wife's guardian. I've never had such a mess in my life. If I hadn’t invested so much, I'd have canceled the damn thing. It was dragged out for five or six months.
Reviewed April 12, 2020
I'm 83 years old and I wanted to have a little bit more freedom. I decided I would take a reverse mortgage at the lowest interest rate I could arrange. I considered Finance of America and two other organizations. The latter were both rather difficult to work with. Finance of America was very easy to deal with. I love my experience with them and I’m very pleased. I recommended that another client go with Finance of America and they did.
The rep I got was very good and professional. He always had several options that I could take. He also presented what the implications would be. My wife and I made a selection from the options he outlined. The thing, however, was the application and underwriting process took way more than I thought it would. It took several months. Something always came up and we had to do something over. It just went on and on. But it is not unusual in these circumstances so, in the end, it was acceptable. Also, the rate was higher than I wanted but it’s something I could live with.
Reviewed April 11, 2020
Everything with Finance of America went very well. I would definitely use it again. Katie was wonderful. She was very professional and she did her job really well.
Reviewed April 11, 2020
I was retired and hadn’t gotten social security yet. I needed money and decided to get a reverse mortgage. Working with Finance of America's rep was very good. She explained everything really well and kept in contact a lot. The whole application and underwriting process took about six weeks. The rates and terms were better than the others I looked into.
Reviewed April 11, 2020
I did a considerable amount of research and determined that Finance of America was certainly in the top three of the reverse mortgage companies. I talked with persons from two of them over the phone, and based on the whole demeanor of the conversation and the information I was given, I particularly liked the representative that we dealt with at Finance of America as opposed the person I talked to at AAG. When we went with Finance of America, we had to work through some things because it was very difficult to get an accurate appraisal on our house given where we live, but that finally worked out fine. On the second appraisal, Finance was even concerned enough that they took the initiative to go out and have it done again.
On the administrative side, there was some carelessness. Most of it was caught, but we still had to redo some paperwork a third time. This was not our representative’s issue in the processing center, and Ellen would confirm this, but our initial notary that came out here made three mistakes. Still, Ellen was very apologetic and overall, we were very pleased with the results. The appraisal process was the slowest part, but the terms improved considerably as we went through the process given the evaluation they determined on our house and our financial position. I really liked working with Ellen too.
Reviewed April 11, 2020
I had a deal with AAG and we were in the process of getting that mortgage through them, and they wouldn’t return a phone call and I got pissed off. When I did get a hold of them, I told them I didn’t wanna do business. I went with Finance of America. My loan officer was good. The terms and the rate were fine. They had it nailed down, and we either could go with it or not go with it.
Reviewed April 10, 2020
I worked with Monica and Travis and they were very nice. But it took me five months to finish the process. It took forever. Every single day there was something else that was required. The underwriter was a pain in the neck. I was approved and then I was not improved, then I was approved and then I was not approved. If I owned Finance of America Reverse, I’d get rid of the underwriter.
They should get their act together. Being new in New York State, I live in a condominium and I was approved, and then they had to look at the condominium and the finances of the condominium. They should have checked the condominium first before they make everybody give all this information to them because if they didn’t like finances of the condominium, they wouldn’t do it anyway. So they put the cart before the horse. They held it up. I was supposed to close on a Thursday afternoon, but a couple of hours before the closing, they canceled it. It was extremely stressful. Also, they filed an incredible amount of money with the county, which was not what I owe. So that is really terrible. If that went on my credit report, my credit report would be zero score. So I spoke to Monica about that and she said that wouldn't show up on my credit.
Reviewed April 10, 2020
I did a lot of research when I was thinking of doing a reverse mortgage and I ran across Finance of America. I liked their whole operation and the things that I heard, so I tried it. And I had an absolutely great relationship with the guy that I dealt with. I talked to him a few times before we finalized it and he responded unbelievably every time. The application process was extensive but good. The application and underwriting process took longer than it should've. Now, I have a $400,000 loan and it's 2,300 bucks a month interest, which is a lot of money. If I had the choice of doing a reverse mortgage or not doing it, I wouldn't do it. However, I'm very satisfied with the experience.
Reviewed April 10, 2020
Finance of America was rated the best. I had gone online and looked at companies. I also talked with several other companies but I liked the way Finance of America responded quickly. I liked the person that I was talking to. She seemed very knowledgeable and very experienced, although she was a little talky. Still, the process went very smoothly. I was happy with everything except the appraisal process. I didn’t feel the appraisal was anything close to what it should be. The guy was older than me and I'm 80. He came with his appraisal already in hand without seeing my house and staying in the neighborhood. He had gone online and took comparable sales that I knew were not comparable because I've been in the homes that he was using for comps. The comparable that he used were terrible.
A home sold for over 300,000 in my neighborhood and it was not nearly as nice as mine. It's not on the lake. It doesn’t have the fountain. It's not on the golf course. It doesn’t have the upgrades. We've redone the bath with quartz and the kitchen. We’ve done so many upgrades. But the appraisal guy came and said I'm at 260,000. He did say that my house is slightly better than many but the golf course and the lake couldn’t be take into consideration. He said “they” wouldn’t let him put that in. Who’s “they”? Also, they won’t allow those to be put in. What kind of a comp is that? It was absolutely atrocious for somebody to come out, quote and make an appraisal but they already had it done.
I probably wouldn’t have gone with it because it was upsetting but at the same time, I was not selling the house. I was just taking a loan on it and I didn’t need all the money that I am allowed to take. So I thought it really didn’t make a darn what they put on it and I think I made the right call. I'm glad I did it because my daughter got laid off yesterday after 20 years, which seems to be the normal thing that’s going on now. If I need to help my kids, I have the cash instantly available. So I'm really happy with the company.
I also liked the idea of having cash available and being able to stay in the home that I want. Now that there’s the coronavirus, I think this is a good place to be confined if we have to be. I've been in the neighborhood for 20 years. I love the house as I'm sitting here imprisoned looking at my wall and a nice little lake with a fountain and ducks. Our golf course is still open and we're really close to groceries – all the things that seniors need. So I could stay here and be as comfortable as anybody. If I have to, I can also go to a nursing home and have cash available. Then Marge could stay here.
Marge is my life partner and she's younger than I am. We're not married but we do live together and she's 75. I wondered whether I really wanted to do this. What if something happens to me long before her? But she's got a year and then she has a power of attorney. She can set the house up for sale or buy it herself. All the options are hers. If you go on the internet today, one thing says the reverse mortgage is the greatest since canned soup but the next one says not to go there under any circumstances. But I felt like the company really came through. With the way they explained things, they made me go through everything and I felt very knowledgeable.
I had gone to Quicken Loans before and it was just the opposite experience. I got a very young person with zero experience who tried to rush the thing through. The percentage was wrong. I said, “Wait a minute,” and he said, “Oh, well, I can fix that.” He went to his boss and changed things two or three times. I thought, “No, I don’t wanna do that.” At Finance of America, in comparison, the reps seemed very knowledgeable and quick. It was also funny because it was coast to coast. They are a California-based company and I'm in Florida but everything was overnight. The person that came and signed the papers was even the same person that I used twice. They allowed me to do that because somebody that really knew what they were doing didn’t take any of my time. It was completely the opposite of the appraisal guy.
Reviewed April 10, 2020
My husband died and it just became a bit much for me. I needed help, and I said, “You know what? I don’t wanna lose my home, so maybe I'm gonna try for a reverse mortgage.” I loved Kevin. I was going to go with another company first but it was something about Kevin that I just bonded with him. I liked him better. I had a very good teacher. He told me and took me step-by-step, so it wasn’t hard for me. He walked me through everything. He was always there for me, morning, noon, and night. He was very helpful. I could not have had a better person to handle my affairs. I don't know what I would have done without him. I have a lot of friends in my business. I tell them about Finance of America Reverse. I really am very happy with them.
Reviewed April 9, 2020
Taylor, it was excellent working with you, I found it smooth and I didn't have to do much at all. Thank you for your service. I would recommend you to all my friends that were in need of your services.
Reviewed April 9, 2020
Finance of America Reverse was recommended by a friend. I loved my loan officer. She was great. She answered every question, was sympathetic, and responded immediately to any question that I had either by email or text or every way that we communicated. She was very responsive. Their process seems very logical to me and it’s been two weeks since it’s concluded.
Reviewed April 9, 2020
We needed some extra money. We needed an equity line of credit on our home and I had one with another institution but it wasn't as much. I knew that Finance of America is a good company and I got a good review from someone too. They were very good and things worked out very well.
Reviewed April 9, 2020
I got information and quotes from four different companies and narrowed it quickly down to three and then two companies. It got down to who I was most comfortable with and the terms that Finance of America Reverse offered me. The gentleman that I dealt with wasn’t pushy and he answered all my questions. Working with them is a good financial and business move. It also comes with other things I wanna do.
Reviewed April 8, 2020
Finance of America Reverse is one of the top rated companies so I sent an email and inquired, and then I got a email from one of the agents. The application process was very simple and the lending process was very easy and very seamless. The loan officer was very helpful, emailed me every day, with any questions I had. I can’t fault one thing. Everything was perfect. My loan officer, Miranda, was very friendly and eager to help. She bends over backwards, works after hours because we’re in different time zones.
Reviewed April 8, 2020
My loan officer was very good. He was nice and he stayed on top of everything. He went above and beyond. I was very satisfied with his work.
Reviewed April 8, 2020
Finance of America's process seemed like forever. There were little issues with the home that I had to fix before it would go through. There were some things that had been done to the house before I bought it that weren’t up to code. Other than that, I didn’t have any problems.
Reviewed April 7, 2020
Another company claimed to be number one in America and fooled around with my reverse mortgage for six months. Every couple of days, they’d ask me for something else and then at the end of six months, they said they couldn’t do my financing. And then I looked at Finance of America Reverse and it said it is number two in America.
I called and I spoke to Adam who is the most outstanding man in the world. He’s dedicated. He doesn’t stop at something. He even came to my house and helped me box up stuff. The reverse mortgage and Adam saved my life because my business crashed. If I had gotten anyone else, it never would’ve happened even with this company. I don’t think anyone would’ve gone to the extremes that he did.
Reviewed April 7, 2020
I’m 80 years old and my wife’s 76. When we retired, we were set up pretty good. We had our house paid for and we inherited the house from my parents. I did a lot of work that I had money back then. So, I had the house all redone, spent a lot of money down here. We live on a lake. And then for the next 15 years, we used up all of our regular money tree that you retire with. And once we ran out of our funds, our investments and stuff, we got to where the maintenance was getting to be too much for us. Even though we don’t have to pay house notes, just keeping the place up was starting to be a burden.
No one among my kids that I want to leave everything to would want to live down here. My parents left this to me and left my sister an income and so forth, but it was just my wife and I. But when I came down here, I made this place like new again and I even added a lot to it. But I don’t have anybody that can do that for me and for themselves, so we got to thinking about it. I normally wouldn’t have gotten a reverse mortgage. When you get our age, this is the best time of your life. And we always give and give, and so we’d give it to ourselves now. We’re living off social security by this time and it was just a good time to do it.
Everything was fine all the way around. We had to do some repairs. There was an old retainer wall that needed to be fixed before the loan could be approved, but we did all the things that were required to make everything go smooth and it did. The reverse mortgage is working fine for us. So, it has made life a lot easier for us and it has taken all that pressure off of us and we’re just enjoying what's left of our lives down here. If my wife and I both pass before our loan is up, my kids can get whatever is left but I’m not worried about them anymore. They know how to fend for themselves. We wanna enjoy what's left and then they can have whatever is left over after that.
Reviewed April 6, 2020
Nick, the person I dealt with, came across as professional and honest. He answered all the questions when I asked for them. He did not push, and then he let me made up my own mind. He was responsive and he was good to work with. He sent me some information immediately when I talked to him -- some of the others I talked to would say, “Well, you gotta do this. I did this before. I mailed anything out to you.” I was like, “No.” So, the whole process was easy.
The customer service of Finance of America Reverse was excellent. They asked me a lot of questions, but mine was straightforward and simple because I fit in the little box, of the age, and I have been living in the house for quite a while and it was paid for. I knew what I was doing, so it was not anything new to me. They came out here and did the paperwork. Then, the money showed up. It was good. The terms and rates came through very well. The interest was close to 3 -- At this stage in my life, it was a good thing. I did the revere mortgage for travel money. I've got my travel arrangements and deposits out there.
Reviewed April 6, 2020
I thought a reverse mortgage would be a good way to get rid of a very big financial burden every month that’s getting harder to take care of. It was relatively easy to obtain a mortgage with Finance of America. The gentleman I worked with, Adam, was very helpful and knowledgeable. He took care of any questions and got a lot of things done. It went very smoothly. It’s working out pretty well so far and I’m very satisfied.
Reviewed April 5, 2020
Finance of America Reverse was the third one I went to that would even give me a shot. Their rep got it through for me. I love her. She worked with me and got me over the humps that were holding me back. I don't have horrible credit. I had a couple of glitches that I had no reasons for, and she got me through it which the other two companies just blew off. They were rude about it.
Reviewed April 5, 2020
My husband was sick and we were having a little bit of financial trouble. He passed away in October, but he thought doing a reverse mortgage would be a good idea for me. A friend of mine told me about Finance of America. The loan manager I dealt with was very helpful. She was always there when we called. She always answered or she called back right away. She's very efficient. Everything has been completed now. I'm less stressed, less worried.
Reviewed April 4, 2020
Everything went well with Finance of America. I did a reverse mortgage as part of my retirement plan because it was financially feasible for myself. The loan officer who got it for us was the most honest. I spoke with eight different reverse mortgage companies and she did the best job. She was also very helpful and always available. When there were questions since we had a few difficulties along the way, she always reassured me that everything was going to be okay, and it was. The terms and rates I got were very good too. I had a very good experience.
Reviewed April 4, 2020
The rep I worked with from Finance of America, Monica, was really good. Every time she said she’s gonna do something, she did it. The process kinda took a little bit longer than what I expected, but that wasn’t a big deal. There were some glitches that had to be cleared up, and she did clear a lot of things up. She got it handled real quickly. The terms and the rate were better than what I’ve had. So, I saved money on it.
Reviewed April 3, 2020
Somebody told me to get a reverse mortgage and it was the best thing ever. I like it. My experience with Finance of America has been fabulous. Process-wise, it was really personable. The guys that handled it became friends with me. The second guy’s name was Randall. I am still in touch with the last guy. We call each other and talk to each other. We have a great relationship. He was really very special. He was a great asset to his company. He was the one that kinda handled the whole situation. He was fantastic.
The application and underwriting took a while like four, five months. For the federal part of it, they wanted a second appraisal because from when we first did it a couple of years ago, the value of my house more than doubled. They ordered a second appraisal and the appraiser that they hooked up with was hard to find in this area. He turned out to be a real flake and kinda disappeared off the map. It took forever. They gave him three weeks to submit the appraisals. He took two months. It was an ordeal. It had me on pins and needles. It had everybody crazy than I was. But in the end, it all worked out. Randy handled it and kept it rolling. It has finally come to be.
The rates I got were perfect for me. I’m in my 70s and I have no family. I’m not looking to leave anything to anybody. I would highly recommend Finance of America. They have been nothing but good. I get a monthly statement. If the rates or anything changes, they notify me. When I did the refi, the rates had come down, which was to my benefit. I’m happy.
Reviewed April 3, 2020
I’ve been putting everything together and realizing what had in the way of equity that had built up over the years, and our mortgage was paid off. I checked and did some research on reverse mortgages and the pros and cons. I then decided that it would be a good way to have another source of income for us. Finance of America Reverse had a location here in the Indianapolis area was the number one reason that I went with them because my preference was that I could sit down at the table across from a person and not do this all via phone. Number two was their size. The third reason was the fact that they carry the paper and don’t package it and resell it.
When I sent out an initial email inquiry to see who would respond, they were the only ones that responded with a call. I’d get a note or an email from the other companies. The whole process went very, very smoothly. We had to do the closing fairly late at night, but that was no problem for anybody other than schedules and the amount of time it takes to close. I was around the Real Estate business for many, many years and closing is not something that happens in 20 minutes.
The notary who did our closing kept in contact with me and let me know that she was running late and asked us if we wanna reschedule. We said no. It was about 10:00 when we finished up, but she got it all done. Our first initial funds were here before they said they would be here. I made one draw since and it was done electronically. The deposit went very well. I called our loan originator anytime I had a question and if he wasn’t available, he immediately called me back and took care of whatever it was. He made sure that things were taken care of. We had a really good experience with Finance of America Reverse.
Reviewed Feb. 26, 2020
It was very easy to get the mortgage but there was some issues with the funding toward the end. There was some confusion on paperwork so that could've been better. The loan officer could've been more involved in sorting out the problem. It was the typical sale type of thing where it was gonna get complicated and the loan office didn't have time for it. So I was a little disappointed. Other than that, everything was fine. It allowed me to free up some cash that I wouldn't have had otherwise.

Thank you for taking the time to share your experience, Joseph. We are sorry to hear about your disappointment and the confusion at closing. We strive to always have someone on the team available to assist in the rare instance that the loan officer cannot be available. Please feel free to reach out to us if you have any questions or concerns in the future.
Reviewed Feb. 25, 2020
I already had a reverse mortgage with them and there was no money out of pocket. Getting the loan this time went okay. It was a little slow but the rep was very informative and he kept his word when he said he was gonna call. Everything went smooth as far as that was concerned. He seemed to be on top of everything. But somebody should find a way of making the paperwork a little bit less. Other than that, everything is going smooth. My rate was 2% less, so that was good.

Arthur, it's great to hear we were able to lower your rate by a whopping 2 percentage points! That will really help you preserve more of your equity. We are always looking for ways to reduce paperwork, in addition to allowing applications to be signed electronically in most states, but due to state and federal regulations, many documents and disclosures must be hand-signed. This is meant for the consumer's protection, but we understand it can be a bit cumbersome. We appreciate your feedback and loyalty!
Reviewed Feb. 24, 2020
Diana was unbelievably superb to work with in all categories and we were very, very pleased. She was very explanatory. There was a time when she called me to talk about Finance of America Reverse, and at the time, I told her that I wasn't interested at all. And then, she followed up two or three months down the road, and I inquired about it. I got more information from her and then we established communication and moved forward until we finally got it taken care of. She followed up everything from her side, and I followed it up from my side.
The process is lengthy because they require quite a bit of documentation. We were very prime candidates because of the equity we had on our house. The only thing that I'm upset about is when I get my monthly check for the first 60 months, there's a $30 fee associated to that thing. I'm spending $2,000 to have them send me a check over a five-year period. So it's $30 a month to send the check to me or deposit the check to my account. In 60 months, that's $1,800 to process the check, and that's outrageous when I'm paying a 6.99 interest rate.
I got stuck rating between a rate hike. It was 6.75, and it kind of surprised me that when they finally draft the papers, that it came out to 6.99. But I had a fairly good rate. We live in a very, very nice neighborhood of the country. Land values here are outrageous. We have a three-bedroom house, and it's a $2 million value. And we were able to capitalize nicely in terms of the monthly payout over the five-year window.

Thank you, Ron! We are delighted to hear about your positive experience with Diana. She surely is an asset to the team! We're glad the two of you reconnected and that she was able to help you achieve your goals with a reverse mortgage.
Reviewed Feb. 24, 2020
The guy that I was dealing with responded to me and got back to me. He was good. I really liked him. That's why I went with them. I called some others and they never would get back to me. The other one I called was one where Tom Selleck advertises, and they weren't very efficient at all. I had got a call from somebody else after I dealt with Finance of America Reverse, and I would've been able to get more money out from them. But by the time it was coming to the end, I was in a hurry because it did take a few months, so I didn't go with them. The guy from Finance of America Reverse hooked me up with everybody, including the appraiser, and the person that came out that had to get the paperwork signed and I liked her too. Everything went fairly smoothly. The process took quite a while, but I wasn't in a big hurry.

Thank you for your review wonderful review, Margrett. We're glad to hear that the process went smoothly and that you were happy with the notary who helped you with signing the paperwork.
Reviewed Feb. 23, 2020
After searching for a reverse mortgage, Finance of America was one of the few companies that called me. They were very sincere and tried to help me with whatever I needed. The application and underwriting lasted from September to December. There were a few steps there and they couldn’t help it. That hindered my case. They had many questions. Another problem was they came up every other day with different forms. The process of obtaining the mortgage was a little bit longer than I thought at the end of it. Other than that, my rep was very good. She was very eager to get me going and get me my loan. Her guidance was fair and I was very comfortable working with her. The rates were also good. Finance of America was very helpful. Now, it's easy to pay my bills and everything else.
Reviewed Feb. 23, 2020
Finance of America's rep, Aaron, clarified as much as he can. He was very easy going and explained everything thoroughly. Whenever he called, I was trying to be there to answer his questions, but it went pretty well. Applying with them took a while though because it wasn't done by the computer. I'm not computer savvy for it to be done that way. So, it was snail mail back and forth with some items. Even so, the rate and terms I got were above average and I'm satisfied. Working with FOA has made my life easier with having access to a line of credit which I need.

We're happy to hear about your positive experience with Aaron. We understand it can slow down the process, but we do our best to accommodate people who are unable or unwilling to use a computer.
Please feel free to reach out to Aaron or our Customer Service team if you ever have questions or would like assistance with drawing from your line of credit. We're happy to print and mail you more copies of the form if you ever run out.
Reviewed Feb. 22, 2020
FAR had gotten good reviews, so we went with them. The application process was pretty simple. It took a couple of months and the person who worked with us, Nicole, called and texted us quite often to make sure that we were understanding everything. Things have been good so far.
Reviewed Feb. 21, 2020
I put in a little bit of info on my computer to inquire but then the bell got rung and everybody started calling me. The salesman from Finance of American was the most personable and never ever was he forceful or did he need an answer. I told him that I was just getting info and the whole nine yards had to be discussed with my husband. There was never a hard sell or any kind of pressure.
That time, one of the largest companies, AAG, also got a hold of me and they were salesmen. They wanted to get the cost estimate in my hands so that way, I see what their program is and what it's gonna take. By the time they got my address, they have already Zillowed me from the netherworld and they know what my house looks like from the outside. They have already done the grid of sales in my neighborhood to see what my house would fit into. They know the low-end to the high-end and I'm gonna fall somewhere in between that, depending on the appraiser. Also, the appraiser is from HUD and they don't play. Because the product is a HUD reverse loan, I have to meet HUD’s requirements and fully understand what the implications are.
We had to go through HUD counseling through a certified HUD counselor. There are also things I am liable for which I get back. I had to pay for the appraisal and that was deducted. The process was short though and it took longer to figure out whether we wanted to do the reverse mortgage. Within five weeks, we were signing papers.
Financially, working with FoA has impacted my life big time. We have the comfort of knowing that we’re gonna stay at our house until my husband and I pass. We also don't have to worry about medical bills. With people having to file medical bankruptcies and lose their homes, there's comfort in knowing that we're not gonna have to go through that nightmare.
Reviewed Feb. 21, 2020
My insurance company said that Finance of America Reverse is good. In getting the mortgage, I spoke to a lady a couple of times and she sent somebody out to look at the house and gave me appraisal. She also sent someone else out to help me sign the paperwork and then I received the check a couple of weeks later. The application process was quick and the application and underwriting took about 6 weeks. Interacting with Barbara, the loan officer, was good. She was on top of everything. She called every day and told me the process of what was going on.
However, they could have been a little more upfront with things. They could have been more helpful because I came to find out in the process of getting my money that my mortgage wasn’t paid, and they had to take it out of my cut of the money that I get normally. Nobody told me that until it was time for me to get my check. They were supposed to make those for me, but they didn’t. Still, I was comfortable working with them through the process and the rates and the terms of the mortgage were good as well. Working with Finance of America Reverse always came in handy. I needed a new oil tank for my basement so I can get heat in the house because my other oil tank rotted downstairs in the basement. And as soon as I called and said I needed that, Barbara jumped right on it to help me out and so the house is warm now.
Reviewed Feb. 20, 2020
I had a friend who told me about reverse mortgage and he recommended me to another company. I already talked to them. However, they had the closing cost and whatnot that were more than Finance of America and they were from out of town. I didn’t get to see them. On the other hand, I liked talking to the gentleman from Finance of America and he wasn’t charging the closing fees that the other place was. He seemed to know everything and likeable. It was comfortable working with him. The application was easy too. The application and underwriting process didn’t take too long. I closed on homes before and it takes a long time, and this one with Finance of America seemed to be okay.
How the reverse mortgage process worked was hard to understand at first. But I did have the one woman that came out and talked to us. That helped, but I'm not sure if I still understand everything as far as the equity goes. When I had questions, I usually just ask them to the guy that set us up, and he took care of that. But there were still a few little questions about the process, a little bit different for a regular loan. Nonetheless, Finance of America Reverse helped us in a financial difficulty. There is peace of mind knowing that if I die, my wife can stay here in the home and not worry about it including payments.
Reviewed Feb. 19, 2020
I'm 94 years old and by myself. I wanted to have that money from a reverse mortgage available and the application and underwriting process with Finance of America went quite well. Their loan officer was wonderful, very helpful and nice. I felt very comfortable working with him right from the beginning. The rates and terms are reasonable. I was very satisfied with them.
Reviewed Feb. 19, 2020
Getting a mortgage from Finance of America Reverse was a really straightforward process. The advisor who looked at it said that it looked like it was a good offer and that solidified it. However, I would have liked a little more information about the earning potential or lack thereof of leaving money or of not taking the money at the time. I'm still not quite sure how that works. Other than that, dealing with the loan officer was easy and everything went well. He was generally reachable except one holiday but it didn't really matter. Everyone seemed competent and knew what they were doing. The guidance I was provided was good and I could call them if I had any questions or concerns. The rates and the terms of the mortgage were very good as well. So, I haven't withdrawn any of the money and I don't know when I'm going to but it was just a matter of time to make some more cash available if we needed it.
Reviewed Feb. 18, 2020
Finance of America Reverse helped me to take care of some things I needed to take care of. Their process was good. Everything was pretty self-explanatory, but they went through a lot of stuff. Francesca, the lady I dealt with, helped me and she did real well.
Reviewed Feb. 17, 2020
I had a massive amount of equity in my house. I tried some other reverse mortgage people, and I didn’t get the appraisal values that I was hoping for. I cornered Finance of America for a while and I wasn’t really crazy about their 6.99 interest. But I had developed a relationship with my loan officer, Carolyn, and we always got along. She was a very high-energy gal. She’s awesome. I did four different appraisals and I had another loan officer that wasn’t as demonstrative about giving me the appraisal that I wanted.
I finally got one of the companies down to 6.25 on the interest rate. But Finance of America was bawking at even giving me the estimated value of my home after the appraisal. They weren’t gonna honor it and that made me lose faith in them. I was going for a better interest rate, which really wasn’t gonna help me that much monthly. That is because, to me, it’s dead man’s money. So, I ended up going with Carolyn and paying the full 6.9 and I took the money and put it on high-interest bonds. Down the line, I think we’re gonna end up doing some deals down the line. We might upgrade our loan or whatever.
The application and underwriting process was very quick. Carolyn takes care of business. She knows how to talk to all the people on the inside of the business and she’s very friendly. I was also sent a lovely Finance of America bag that I lost on the bus, and then they sent me another one. I’m really happy about that ‘cause I love that bag.
Reviewed Feb. 17, 2020
Magnum P.I. has a series of commercials on Finance of America Reverse and I happened to find them first when I went on the computer. The application and underwriting process took about three months. There were a lot of signatures but I was very happy with the process. The rep, Ryan, was very personable and I liked him. He answered my questions when I had them and we had a good time. They were good as far as getting me through the process and explained the pros and cons of the experience. I wish I could've done it years ago, but that's not how things are structured. I went in with my eyes open and I'm glad that I did. The best thing about it is I no longer have a mortgage, which is awesome.
Reviewed Feb. 16, 2020
Finance of America was very helpful and their agent was really very nice to talk to and to work with. They made me feel at ease ‘cause I was a little nervous about doing a reverse mortgage. They answered all my questions and they were very patient with me. A lot of times, the verbiage is a little different and I don't always understand them. But they made it very easy and pleasant. So, I decided to go with them. I happened to refinance my house last year and had taken out some equity. So when I first started talking to Finance of America, I had to wait a year before I could take out equity.
The application and underwriting process took a little while because I needed to take some kind of mandatory program. When that was done, I went back and we started the process. Somewhere in the middle of the process, the person that I was working with left the company, which was a little bit anxious for me. But the person who took over was just a gem. I started the process in October and everything was closed around the end of December. Doing this has given me peace of mind because of the financial situation that I find myself in. On the other hand, it’s a little anxious for me because when I first bought the house, my personal plan was to pay up the house. Then at some point, if something ever happens to me, I wanted the kids to have it.
I bought my house back in 2000 and I always bought it for an investment ‘cause my parents always told me that real estate would be making money for me. So I have a beautiful home and I get to live in it. It’s really paid off for me because now I’m retired and I’m single, so I’m not really tight with my monthly but I’m not living off the gravy either.
The reverse mortgage is nice for me financially. I don’t have the mortgage payments to make. Also, if and when something happens to me, the house goes back to the bank because I’m using a mortgage and then they decide if there’s a balance. So, if the kids wanna buy it, they can come up with the money and buy it. But my goal was to have it paid off so they could just have it. I also found a way around that. If the kids won’t be able to come up with the money, I made arrangements with the company for life insurance. So, they can either take the money and do something for themselves or invest it in the house. That is really a nice option for people like me who own a home.
Reviewed Feb. 15, 2020
I went online and asked what was the best reverse mortgage company ratings and Finance of America Reverse was listed as the top 3. I made three calls and Finance of America Reverse was the one that got my interest because of the agent that called me. She was local and she was very, very experienced. After several quotes, I went to my finance advisor and he viewed the three I submitted, and he also selected Finance of America Reverse. So we went with them.
Everything went fairly smooth with the exception of a tax was gonna be paid, but the tax office lost the check. Our escrow company had to cancel the check because they couldn’t find it. And then, I was reimbursed for my taxes by check by the escrow company, and they were paid. But the problem was the tax office. The process went fairly quick.
I had listed the monthly income I needed, which was a little over 700 a month, and in the final paperwork, it came out to 698. I told the agent that I was not gonna sign unless that promised monthly income would be met. In the end, it did transpire a little less, but my wife and I was satisfied with it. I did get a discount but it was about 1,000 less than what we had been estimated to be. But overall, it was a pleasant process. It was a lot less work than I thought. We had to be advised on the loan consult, and that was fine. But it was a fine experience based on the amount of time that we had refinanced during the years. We’ve lived in our home for 48 years and had to do several financing over the years, and this was a very nice experience with Finance of America Reverse.
The agent was very courteous and she called several times to make sure that everything was clear as far as our estimate was concerned. For any questions, she answered or made calls to make sure that she got the correct information. She was a very nice lady. I really enjoyed doing business with her and I’m very happy with Finance of America Reverse.
Reviewed Feb. 14, 2020
Finance of America Reverse had the best deal and their rep who helped me was very good. I was impressed with his willingness to help. While I hope they could lower their rates, the length of time it took for the application process was reasonable.
Reviewed Feb. 13, 2020
I’ve retired and I was falling behind payments. With my girlfriend's help, we got a reverse mortgage done. We had two great, fine men who helped us, George and Ed, for the application to go through. We started it early October and it wasn’t final until December. I figured it would take a while and it did. Other than that, having the reverse mortgage helped me more than one would ever know and I appreciate it. Finance of America Reverse was nice to me.
Reviewed Feb. 12, 2020
Finance of America’s application process was heavy. It was too many signings and it was a very cumbersome thing. They had to send somebody out and the process was a burden for over a month. Nevertheless, I like Julie, the loan officer. She was a pleasant person and it was very comfortable working with her. The guidance she gave was good. I was ready to throw it in and it was she who helped out on that. Working with this company seemed like a good idea at my age. So, it gives me some security. Overall, I’m satisfied.
Reviewed Feb. 12, 2020
It was quite a lengthy process. From start to finish, it took about three months. The longest was to make up my mind to actually do it. Once I decided to do it, the actual process didn't take that long. But getting all the paperwork and the preparation took some time prior to that. I had to talk to somebody, they had explained it to me, and then I had to get an appraisal. There was a lot of paperwork. But for me, the process seemed to be okay. The person that walked me through was very patient. She was excellent.
Reviewed Feb. 11, 2020
Finance of America Reverse got a good rating, and when we went to the City of Aurora for the counseling, the gal said that she’d heard of the company and they were good, so we stayed with them. I did the process online, and I got a call right away. It was real easy. I followed everything that Scott told me to do, and it was really pretty easy. I was surprised.
Scott seemed real knowledgeable and he was very friendly. He answered my questions, and most of the questions he even answered before we asked him, because we had no clue what we were doing. He made us feel very comfortable, and he was there any time we needed him. We were real happy with everything. The process took a little longer, but it was on our side, not theirs. We had trouble getting in with the counseling because my husband is hard of hearing, so we can’t do anything over the phone. Because of that, it got held up a little because we had to wait for an appointment.
Reviewed Feb. 10, 2020
I did a lot of research and I spent about two months going through it and I had a lot of information before I started contacting Finance of America Reverse. At that point, I was not a neophyte. I kinda knew what I was coming up against. The woman I dealt with was very professional. I contacted a number of people and she was the best of the bunch. The people that I contacted didn’t give me the information I wanted right away. Some people didn’t understand what I was trying to do and some people never responded at all.
Reviewed Feb. 9, 2020
My daughter found Finance of America Reverse for me online and she told me to give them a try, so I did. Everything then started to just work out right and go very smoothly. I'm pleased with it so far. Our loan officer was very good and he answered all questions. And if you called him, he would get back to you as soon as he could, which was very nice.
Reviewed Feb. 8, 2020
I was very pleased with my reverse mortgage process with Finance of America. It was consuming but it was educational. I met nice people who came to my home, and very patiently, we went through all the records and did a lot of signing. My loan officer was perfect too. And it would’ve gone faster if we started a month earlier, away from the holiday season. We ended up having to go into the next year, in January. It was like a hurry-up-and-wait type of thing. I didn’t enjoy my holiday season because I had this hanging over my head, and I knew that there were other things I had to sign and just follow through. But I am not unhappy that I did it. I’m going to pay it back when I can someday.
Reviewed Feb. 7, 2020
I did my research to pick a company and then I called Finance of America Reverse and got somebody. The rep was so personable and very helpful through the entire process. We communicated by text and cell as needed, and papers were done electronically. It was a very easy process. The rate and terms are good, but rates have gone down a little bit since then. Still, everything went seamless and it was a good experience.
Reviewed Feb. 6, 2020
I really needed some money to do some things and ended up working with a young gentleman from Finance of America Reverse. However, things did not go as well as I had hoped. I requested a refi and was expecting a lot of credit, but he turned out saying I was behind on my taxes and insurance, which was not true. I’m not getting that money that I had hoped for, and I’m not that very happy with it. Anyway, it is what it is and I’ve signed the papers. It’s passed three days, so it’s one of those things I have to live with. I just wish that if you make a request, one should be right upfront with what’s going on from the beginning.
Reviewed Feb. 5, 2020
We started working with another company and every question we were told she would get back with us. From the minute we talked to Taylor he answered all our questions. He was pleasing to talk to and made us feel at comfortable. He always got back to us ASAP and still does even after all is said and done. We would refer him to anyone going through this he knows what he is doing and is easy to talk to.
Reviewed Feb. 5, 2020
I chose to do a reverse mortgage so I didn’t have to make any more house payment. We interviewed a couple different companies and we liked Finance of America Reverse. The application was not that easy but not that hard either. We just went along with it. We had a couple little stumbling blocks, but nothing that was gonna deter us. The fellow that we started out with was really good, very informative and then he had to leave town. And the fellow supposedly that took his place was upsetting. I hate to say that but he wasn’t helpful at all. So that would be the only thing that could be improved.
They kept putting us off. So we didn’t close when we thought we would. And I probably would’ve been better about it, but I was an escrow officer for 37 years and I didn’t like what was happening. But they did as good a job as they could and tried real hard. It was the mechanics that didn’t work as well as it might’ve. I think it’s hard when you use people like the notary. They don’t understand the document, and I realize they don’t have to, but it makes it a little bit harder. And then if they miss something, then it has to be done all over again. So that’s disturbing. We had to sign all those papers twice. So they had to come to our house twice. They didn’t do it right the first time.
Reviewed Feb. 4, 2020
Finance of America Reverse came up when I looked online and put in a query of what would be the best reverse mortgage company. I liked the reviews that they received and decided to work with them. I called and left a message, then the loan officer called me and answered questions. He was great to work with, but he left for an extended vacation in New Zealand. One of the other loan officers took care of everything and the one we started with got back just in time for the closing It took about six weeks from the application to closing.
Reviewed Feb. 3, 2020
I did some research online and called them. We had to do various things. We had to get paperwork and fix the house up a little bit. There were some cosmetic things that needed to be done, which we did. It was a very smooth process. But there was some time that we had to get Betty a new Social Security card and that took a little bit. I spoke to Autumn and she let us know exactly what was going on and what needed to be done. We spoke on the phone almost every day and some days just talked about stuff that was going on. She was very upfront and extremely helpful in getting what the underwriters wanted. In fact, we called her and got my partner's sister started on getting a reverse mortgage.
Reviewed Feb. 2, 2020
Finance of America Reverse's application and underwriting process took about a week and a half. The rep was absolutely wonderful. She was understanding about my ignorance in the area and easily explained everything. There was a rather large closing cost, but that was across the board and had nothing to do with Finance of America. It's government stuff. I'm also not fond of the mortgage insurance, which is required by law.
A reverse mortgage is a marvelous idea if you have a home that is paid off and it’s worth a lot of dough, and you’re my age. I’m 77, and the main concern of people of that advanced elderly age is cashflow. The reverse mortgage let me harvest the equity in my home as a loan, but the great convenience was not having to reduce my cash flow because I don’t have to pay back the loan every month.
Reviewed Feb. 1, 2020
I was very happy working with Finance of America Reverse. The process took a while because I didn’t know if I wanted to do it or not. They approved it and then I didn’t follow up on it. Then when I decided to go ahead and do it, Nicole was very helpful. I really liked her and she was very patient with me. So, it went quickly the second time and I was also happy with the rate and terms.
Reviewed Jan. 31, 2020
I work on commission so when the payments were due, it was a constant drain on me to make sure that I would get them in time because you get a penalty if you don’t get them made in 15 days. Now that I'm working with Finance of America Reverse, I can pay on it whenever I want to and I don’t have to be constantly barraged by letters and phone calls and emails telling me that payment is due in so many days. For me to be able to make sure that I can take care of the gas and electricity and every single thing that I need to, I would be in a better position if I wasn't stuck with these $1,100 monthly payment at 77 years old. The interest rate with Finance of America Reverse was better than the 6% that I had before. It's 3.5% fixed.
When I got ahold of Randi, we had similar things going on. She was real sweet on the phone. We got to talking and found out that we’re both of Polish ancestry. We talked about what we cook, and people don’t do that anymore. So it was kind of fun. I was impressed with her knowledge. I tried to do a reverse mortgage once before but I was afraid of it because I didn’t understand it. So when I was in the interim mode of kinda waiting to see if I really wanted to do it, I studied a little bit more about it and discovered that if I don’t wanna make payments on it, I don’t have to. I have to keep up with the insurances and the taxes, which I understand. If I want to pay on it, I can. I can pay as much or as little as I can afford. If something happens to me and I go into a nursing home, my children would sell the house. It gives me the biggest peace of mind at 77 to know that no one gets thrown out of here.
Reviewed Jan. 30, 2020
I can think of a lot of accolades for my recent experience with FAR and Andrew ** but just hear this: they lead their field, they understand your real estate and financial needs and go the distance to get them all served in the best way for you, and they go to bat for you personally when the going gets tough. Use them. I did it twice and I am Very glad I did!
Reviewed Jan. 30, 2020
I went with Finance of America Reverse because they gave me the numbers without me having to tell them all of my personal information, including Social Security number which I wasn’t willing to do. They gave me numbers and then they had me sign some papers. But it really ticked me off when the guy I was working with sent over an IRS form number where you can get transcripts of my tax stuff with my Social Security number on it through regular email. It really pissed me off because email is not secure.
They changed some of the things as I was going through the process, so it was kind of annoying the things I had to go through. It made me mad. I almost backed out because of it. The application and underwriting process took about six weeks, which was a lot longer than I thought it would. They could’ve got it through quicker and quit going back and forth with me. That was kind of annoying. I had a pretty straightforward situation, so that shouldn’t have happened.
Reviewed Jan. 25, 2020
I was working with another company for 4 months with no results. I called Finance of America Reverse spoke with Scott **, he finished the loan in a month's time. Very professional. I will refer any family or friends his way.
Reviewed Dec. 28, 2019
My experience with Finance of America Reverse has been very good. Getting our mortgage wasn't very easy 'cause I had to do a lot of stuff but once I got everything done to their satisfaction, it didn't take a very long at all. It was quick. Our loan officer was really good and I was comfortable with her. She even said that if we had any questions later on, she'd be glad to answer them and help us.
Reviewed Dec. 27, 2019
My Wife and I just had the best financial experience ever with Finance of America on our Reverse mortgage. We were skeptical at first. Thanks to our agent Taylor ** we were able to meet our needs and find peace in the process. He answered all our questions, constantly stayed in contact with us throughout the process. As with all processes involving the government, it is time consuming but Finance of America made the experience easy. Thank you.

Thank you for the wonderful review, Robert. We're glad to hear Taylor stayed in constant contact to answer all of your questions to help make it a peaceful process for you and your wife.
Reviewed Dec. 27, 2019
Part of the process of getting the reverse mortgage with Finance of America was that it was remote. The guy that I was dealing with was in Indiana and it was all done electronically and sometimes by mail. The physical proximity was just too far for a lot of that to be explained well. The reverse mortgage guy was a little bit combative in terms of what was needed and I'd tell him that I wasn't sure that I wanna do it. There were a couple of times that I said that it was a showstopper. It was my personal information that they were asking for and sometimes it was a little too intrusive. I wasn't sure why they needed them, but he'd say that HUD said so. Then I'd ask why, but he'd say that he didn't know and that it was just the regulation.
On two occasions, I talked to my contact’s manager. I got so mad because I didn’t feel like I was getting a real good explanation. Then the boss would call and very calmly explained why it was required. After that explanation, I told them that I still didn't like it, but I understood why it was required and that I'd do it. It was long and tedious from start to finish but once it was done, everybody was happy. They got their mortgage, I got my mortgage, and it stopped my house payments.
The interest rate was okay but the setup fees were pretty high. Mine ended up being like $17,000. We also had to take a pretty good chunk of money to buy down the mortgage. Our mortgage was very new and that was a 0% down VA mortgage. The amount of equity that we had in the home was eight years’ worth of payments and even though our home value had risen considerably which gave us some assumed equity, it wasn’t enough to satisfy the requirements. So, we ended up having to take more money out of our savings.
I wish the process had been quicker, but we benefited from the reverse mortgage. The rates dropped therefore I had to put in less money. So, it really worked out well. Finance of America did a good job. If a reverse mortgage is the only way you can keep yourself out of the poorhouse, by using the equity in your home it is a good way to make sure that you stop your house payment which in my case, $1,500 a month.
Reviewed Dec. 27, 2019
I Googled and got some names. Finance of America Reverse was the first one that I called and I was happy as it went along so I never called anybody else. Their process was pretty straightforward. There were terms and stuff I didn’t understand. I called, I would ask, and everything went clear. It's like this is the way that they do things.
The only thing that was odd was there wasn’t any mention that the overall rate to start it was really based on how much you were going to take at the beginning. The person I spoke with went over some of the numbers that I had. I said what my loan rate was and she said that it was a lot. I asked about that and it was explained to me that the more money I had affected the loan rate. It was like 12,000 to get the loan, but I ended up getting a check for 50,000 and that brought my interest rate way down. That starting interest rate is what they base on. Then once all the paperwork got through, I sent almost all of it back except for the amount that I called to get the loan. They got one month of interest out of me.
Reviewed Dec. 26, 2019
The application and underwriting process took longer than we thought. Every time they would call, it would be something else. But the rate and terms I got were all right. The loan officer was great as well. Working with Finance of America helped me.
Reviewed Dec. 25, 2019
Our reverse mortgage was supposed to take about 30 days but it ended up taking 90 days. Part of the reason is where we live. We’re in the middle of a rural town and we’re real short of appraisers out here. It took a while to get one out here, and after they came out, it also took a while to get the appraisal from them. We had to have the appraiser back out because there were two or three things they said the lender wanted, and that took a little while. And then, when we got everything done, they brought them back out and they shipped it and wanted a couple more things done. So, the appraisal process was just a nightmare. And even though it wasn’t Finance of America's fault, it’s still what they do. But all of them that I’ve dealt with directly have been nice people.
Reviewed Dec. 25, 2019
Finance of America was very nice and easy to work with. Their customer service is excellent and their rep, Diana, was great to work with. We had a little bit of a unique situation because we had been in the house for less than a year and that delayed everything. Diana first thought the process would take a month and it ended up taking two months. But they kept me informed and they kept moving it forward. There were a couple of hurdles. Because of the value of the home and the size of the loan, we triggered the patriot act and that slowed it down a little bit.
Once we triggered that patriot act stuff, Diana got me in contact with her assistant that was helping with the underwriting and that smoothed it out too. If I have any friends that will be needing a reverse mortgage, I’ll have them contact Diana. She keeps you informed and walks you through all the steps. She calls you back when she says she’s gonna call back. She’s a very thorough yet persistent agent. She did a great job.
Reviewed Dec. 24, 2019
As I was inquiring on my cellphone for a mortgage and before I got off the phone, I was getting calls. They were calling to save time but Monica from Finance of America wasn't really pushy and her approach was awesome. So, I dealt with her. The process was different ‘cause I’ve never gotten a mortgage before. Monica explained to me what the process would be and when I was ready, I could contact her and she would tell me more. The process took about a month and a half and it was pretty timely. There was a little problem with my account. There was a paper that they didn't get or they didn't see when they were doing the finance process before they released the check. Monica kept calling and telling me that they came up with it so that it might take another day or two. After that, it was a day after and that wasn't bad. Monica kept me abreast of the whole process. She was so calm and patient and was not pushy. She was a great asset.
Reviewed Dec. 23, 2019
I googled the best finance reverse companies, and it gave up a list. Out of that, I chose Finance of America Reverse. When I talked to them, I felt comfortable, so I continued with them. Getting the mortgage from them was a regular process. They get information, I had a consultation, and they reviewed my credit. They handled it quite well. Any questions I had were answered, and it was very step-by-step. It was a fairly easy process. When it was all said and done, I was happy with how things turned out.
Reviewed Dec. 22, 2019
I needed to do some things around the house and getting a reverse mortgage was one way that I could do that. And I only have my social security as a main income, so there was not enough to go around type of thing. I liked Finance of America Reverse's time frame. The others that I looked at seem to take much longer to do the whole process. And the person I got from Finance of America Reverse and I really clicked. She was very enjoyable to talk to and work with. So, it was a good experience.
The process was done within just a couple of weeks. It was like three weeks total. Considering the other ones being 60 days, I was very impressed. The person I worked with was so on top of everything that it made it easy to go through and she told me exactly what documents I needed and everything and I had them all ready for, and it made it an easy process. I knew I would pay interest on what I took out of it, but I didn’t think that I could earn interest on what was left. That was the one thing that surprised me. So, that made it something more plausible.
Reviewed Dec. 22, 2019
A couple of years ago, we tried doing a reverse mortgage with Finance of America but we didn’t succeed. But then, I thoroughly enjoyed the help that I received from one of their agents. So I said, “If you done right and succeed the second time, stay with those people.” And we did. The process was not a piece of cake, and there was a lot of running around and digging, but I understand. It’s a very time-consuming thing, but it works out. It’s all worth it. And I couldn’t ask for a better agent. I know they get paid a commission for it and they're gonna work real hard too, but our agent went above just trying to help us out.
Reviewed Dec. 21, 2019
A reverse mortgage was more feasible for me in terms of retirement and finance. I had a lengthy application process with Finance of America but it was expected. Everything was done superbly. Their people did an excellent job and everything was covered pretty thoroughly. I was satisfied with my rate as well as the terms of my loan.
Reviewed Dec. 20, 2019
We were having some financial issues, and our financial manager suggested that a reverse mortgage as part of our retirement plan might be a good direction for us to take. They recommended Finance of America Reverse to us. The application and underwriting process took a couple of weeks. Our loan officer was Autumn and she was awesome. We considered her a friend. We kept getting some paperwork at our street address, and so we were concerned about that and why we were getting this. I felt comfortable just to call Autumn, and she checked it out for me and put a stop to that. The rates and terms were acceptable. There again, I trusted Autumn and I felt that she would get us the best rate that there was.
Reviewed Dec. 20, 2019
I started a loan with AAG but I got frustrated because they had too many hoops for me to jump through. I then changed to Finance of America and we still had many hoops. We had a difficult piece of property. That was our fault and not the lenders. The process took about eight months and our rep did a very good job. It was the best that he could because his hands were tied. When the loan was completed, I was able to pay off the bills that I desperately wanted to pay and I have money left over. I'm a happy guy.
Reviewed Dec. 19, 2019
The guy who represented Finance of America convinced me to go with them. Their mortgage process wasn't easy, but it got done. When we were getting the estimate of the house, it had different prices. Still, our rep was honest. Things came off like he said and he was a consumer advocate.
Reviewed Dec. 18, 2019
Eleadah is very knowledgeable about the reverse mortgage system. She went over and beyond to make sure that we clearly understood all the documents that were presented to us. She would check to make sure that the information she provided to us on questions we asked were correct. She always returned our calls and emails immediately. She kept us informed through the entire process from beginning to the end. She is a great asset to your company and I would highly recommend her and Finance of America Reverse to any one looking to do a reverse mortgage.
Reviewed Dec. 18, 2019
The process took a month and three weeks, and though it was smooth, it would be better to make it a 30-day frame. The rep Marina kept me in the loop about everything, and she was very helpful. The underwriting department was giving me issues, and I wish they had somebody like her so it would have been easy.
Reviewed Dec. 18, 2019
Finance of America Reverse did what they said they were gonna do. We spoke to Cecilia and she was absolutely great. What a wonderful personality and so professional. When we first called about this, I called her in the springtime and she explained and she was sorry that she couldn’t do it because in the State of New York, you cannot do it up to this level of mortgage. Then some time in August or September, she said they passed a new law and she said we were ready to go and she was right on top of it quickly.
It took a little longer than we expected but we got what we wanted. We’re saving ourselves 7,000 bucks a month for our mortgage. We got about a quarter-million dollars upfront and that never hurts. It’s great. We’re probably gonna do it again in a couple of years. Cecilia is doing the reverse mortgage for her own new home as well and so, she has explained to us how to deal with it, if we sell this place and move to Florida so that we can once again do the same thing and enjoy our retirement without having to pay thousands of dollars a month in rent. I’ll just live off the equity that we’ve built all these many years. I think it’s a great concept and I thank them for it.
Reviewed Dec. 17, 2019
We were doing some remodeling and we needed extra money. The first time, we did a reverse mortgage through somebody else and then they sold it to Finance of America. My husband was alive then. The second time wasn’t as easy. My husband was already gone at that time. There were bumps in the road, but I didn’t think that that could have been avoided. They were very good in follow-up and communication through the process.
Reviewed Dec. 16, 2019
I went online and I found a website that gave 5 best reverse mortgages that had permission to operate in West Virginia. FAR was not the first one. But what I did was I filled out some questions on the website and submitted it. And about two minutes later, I got a phone call from Ed. He was the one I dealt with. He was the one that guided my wife and I through the process. Every time I talked with him, I put it on speakerphone and after one of the conversations, my wife said, “I have a real good feeling about him.” So, we went with him.
He was very upfront and when we really got started in the process and were getting serious about it, he said it would take about six weeks, and that’s about how long it took. Initially, the application process was very confusing. But with his clarification, it made things fairly simple. He said, “Now, this is gonna happen, this is gonna happen, this is next, this is next, this is next.” Many times, when I called him, he answered the phone, and sometimes, I left a message. Within two or three hours, he got back to me. If anybody ever asked me, I would recommend FAR as opposed to the one you see advertised on television all the time.
Once we really got started and he sent us an initial information pack, the whole process took about six weeks. One of the companies I talked to initially said it would take probably three months or longer. And Ed said, “No, you’d be surprised how quick it goes.” We were extremely satisfied, and our counseling station, once they got that set up, that was very simple. The fellow who took the actual application came to the house. I’ve known the appraiser for several years, and he came back two or three times, and he said, “Now, by the way, you will need to do this and you will need to do this.” Most of it had to do with painting, which I needed to do anyway.
Reviewed Dec. 15, 2019
Finance of America Reverse went fine. A friend of mine, who is a tax consultant for a credit union, and I researched and found Finance of America Reverse to be one of the top-rated ones. I also considered AAG and they were so far away. They also got some reviews of long waiting periods. I also investigated a second one but I went back to FAR. I dealt with Aaron, and he and I had a good rapport. We talked many times back and forth on the phone before I made a decision. He answered all the questions that I had, so that was the biggest reason I went with them.
Aaron was very informative and he even took it upon himself to take my phone calls or call me back. Even after business hours when he would get home, he would explain things to me. We talked off and on for a couple of months before I made up my mind. Everything was as he instructed, as he promised, and as he suggested. And as I went through the process and with counseling, it was smooth as clockwork.
Reviewed Dec. 15, 2019
I have $4,000 mortgage payments and I went four years without making any money. $48,000 a year times four is a lot of money just to disappear. I could see in a few years all of my money being enough just with mortgage payments. I don’t have any descendants and I didn’t see the point of doing it anymore. The man who did the counseling said that I was a perfect candidate for a reverse and I believe I am, too. I had an unbelievably good experience with Finance of America Reverse. Monica, my loan officer, was an angel. I was impressed with her concern, hard work, and her ability to make a human connection as opposed to just a business transaction.
Reviewed Dec. 14, 2019
There were three big players in the reverse mortgage industry. I did some internet searching and by process of elimination, I decided that Finance of America was my best choice. I looked at a lot of reviews from customers and most people were very happy with the company. I had a great experience too. Everything went very well, so I have very high regard for the company and the way they deal with their customers. The application process was good. The rep, Meg, was very helpful and I got the loan. I used the reverse mortgage funds to buy a house from my sister. She inherited our family home but she wasn’t happy living in the area. She decided to move Florida so we made an agreement that she would give me the house in exchange for what I would get from the reverse mortgage funds.
Reviewed Dec. 13, 2019
The application and underwriting process with Finance of America Reverse took a long time because we got an appraisal that was way off. It shot itself in the foot, and looked like it wasn't gonna happen. They could have communicated a little better because they were steering me in a couple different directions there. I wanted a new appraisal and the agent said, "Our boss isn't gonna challenge it, this and that." When the rates changed, it made it more appealing, and we were gonna sign, and then they said, "Well, we're gonna put it off a little bit more. Let's get a new appraisal." So, I did that, and then the appraisal came back nearly $100,000 more in the first place, so I was right the whole time that the appraisal was off. There was never any follow up or thank you from them, which I thought was weird. Nevertheless, they did a fair job and things ended up being what we wanted
Reviewed Dec. 13, 2019
My wife was gonna be out of work for a significant amount of time with the surgery, so we needed to cover her income. I looked at five different companies that offers reverse mortgage and they were all close in numbers. But Finance of America Reverse looked a whole lot better for me and their representative was helpful most of the way through it. The process took five weeks, from start to closing. But there was almost another week there before we got the upfront money. Having this completed was a bit scary because first off, there's a significant amount of money that can't even be touched for the first year. And not only that, my wife is under 62, while she's under the same guidelines and restrictions with regard to the house, if she's the one last living in the house and she decides to move out, she's got a year to get the loan paid off.
She can't touch any of the monies. So, even though there's still some 98,000 that's available on the line of credit, that's not available 'til the one-year period. And if I were to die today, she can't touch it. She can never get that. It just stays in escrow. So, that means we could just leave the money in the line of credit and just use it as we need it. But if something happens to me, she can't get to it ever. That means that I've got to, as soon as it comes available, draw the entire balance out and put it into a separate account that she does have access to. And in the event that I die the day after we draw it out, then she has access to the balance. So, it's a scary part. On the other hand, it makes sure that my wife keeps an eye on my health and practices to ensure that I live at least 'til the end of the cycle year.
Reviewed Dec. 12, 2019
Scott ** went beyond the words "customer service" to direct me through the entire process. His quick response to my request for info is what sold me on the idea plus choosing FAR. Thanks for a job well done!!

Thank you for the great review, John!
Reviewed Dec. 12, 2019
I really wanted to not have to make my regular mortgage payments while I was doing some work on my house because I have a two-family house and I wouldn't have my tenant. The reverse mortgage is part of a plan to do the work and Finance of America Revere is the only one that's licensed in New York State. I dealt with the same person the whole time and she was great. She called when I needed to know things and explained things very well. It went very smoothly.
Reviewed Dec. 11, 2019
Courteous, patient, informative and helpful. Monica **, the agent I dealt with was genuinely interested in helping me and keeping me up to date on all facets of my Reverse Mortgage application. She did not wait for me to call, but kept in touch to instruct and advise me each step of the way. She made a complicated procedure simple and easily understood. It was a pleasure to work with her.
Reviewed Dec. 11, 2019
My experience with Finance America was easy to accomplish the process. Taylor was informative and answered any questions I had. I would recommend Taylor to help anyone that was interested in obtaining a reverse mortgage.
Reviewed Dec. 7, 2019
I talked to Finance of America Reverse rep and I asked him about reverse mortgage. He was very good about sending me information and and he gave me all of his contact information, but I forgot. When we actually found the house, the first thing on my Google search was One Reverse Mortgage. I was originally gonna go with them and I had a very nice loan rep. We got started and before I even had the chance to fill things out, he changed to a different division. Apparently, they stopped doing some lending on the reverse because they were so busy with refinances.
And then, the Finance of America rep re-contacted me, which was a perfect timing. As it turned out, I was so happy with them because he was so good about keeping me up to date. And by that time, we had gotten a place and I had to have it closed in 30 days, and he was able to close it in 28 days. He was very fast and I was very cooperative, and we got everything done on time. I used to sell real estate, so I really know how important it is that the consumer has to cooperate with you or you can’t get anything done.
There was one negative though and that was because we were in a rush. I never did get the final loan papers to go over until we went in for closing, and I signed 100 pages. I didn’t really get to see what I was signing. So, if they were to make a change, they need to get that information to the closing agent before. That being said, we’re trying to get things done on time. If I were smart, I would’ve put this off a day so I can read everything. But I just thought, if you don’t sign them, you’re not getting this house, so you might as well sign them and hope that everything’s right.
Finance of America wanted me to sign a document saying that it would be a minimum of 60 days to close the loan. And they insisted that I sign it, and I said, “No. I’m not gonna.” They said they could close it earlier, but you had to sign that in 60 days, and I just couldn’t do that. Their upfront cost was a lot and for some people, that might make a huge difference. Ultimately, I didn’t have to bring in as much as I originally thought. But it’s a great loan for seniors. You can get the house you want and as long as you have cash, you’re okay. And as long as you know it’s gonna cost you $10,000 more basically in closing fees and everyone was very clear on that. There was nobody that tried to pull the wool over my eyes. It was just it is what it is, this is what it’s gonna cost you. And so, I was happy.
Reviewed Dec. 6, 2019
Michael ** got me my reverse mortgage through Finance of America and let me know about it. Obtaining the reverse mortgage was easy. It was a lot of paperwork and signing. It took about four or five months, but it went okay. Even the people who came to my house for appraisals and notaries came when they were supposed to and were in and out. This experience with Finance of America was very unexpected. That time, I really was worried because I did owe a lot. I'm stunned and I'm happy that I have my reverse mortgage in the bank. Plus, they said it's tax-free. Now, I just have to pay the taxes for the house and the cost of the insurance. This should help me.

Thank you for your loyalty, Maria. We're glad to hear the process of obtaining and refinancing your reverse mortgages was easy. Your reverse mortgage proceeds are not taxed as income, and you are no longer responsible for making a monthly payment to your principal or interest, but you are still responsible for paying your property taxes and homeowners insurance. Feel free to reach out to Michael or anyone else here at FAR if you have questions about your reverse mortgage in the future.
Reviewed Nov. 25, 2019
My experience with Taylor was exceptional. He is so pleasant and cooperative with all my questions. He was always available when I needed him and he has a sweet sense of humor. Everything he said he would take care of he did and then some. I`m just glad that it was him that I got to work with.

Thank you for your wonderful review, Susan. We are proud to have kind and caring loan officers like Taylor.
Reviewed Oct. 30, 2019
We very much appreciated the help, professionalism, and empathy given to us by Taylor during the time that we were experiencing a death in the family that slowed things up and his patience in dealing with us thereafter to successful conclusion of our reverse mortgage. We are very glad that we were able to work with Taylor and this reverse mortgage company.
Reviewed Oct. 16, 2019
It is my pleasure to have an opportunity to send you an evaluation of Taylor **, the loan officer that handled our re-financing. For openers, I really appreciated his initial contact with me. In his first call he demonstrated a genuine interest is getting to know me, to find out if I was a satisfied customer, did I have any issues with our initial reverse mortgage contract, and to find out if I was aware that there was an opportunity to re-finance our mortgage for a considerable savings. Because of his service oriented approached, I quickly gained trust in who he was and was willing to proceed with the exploration of re-financing.
Taylor was professional in every aspect of our transaction, from introduction to the process of refinancing to the completion of the information we needed to provide. Taylor was very thorough in helping us understand the new loan agreement and the steps it would take to process the loan transaction. This may not sound important, but keep in mind that this transaction was totally done without ever having a face-to-face meeting with anyone in your company. On a scale of 1 - 10, 10 being the best, we give Taylor a 10+.
Reviewed Oct. 5, 2019
From the moment that Jennifer (Bunny) ** contacted me concerning my inquiry about getting a Reverse Mortgage, she has walked with me through ‘the’ entire procedure. I CAN’T THANK HER ENOUGH. First she sent me an e-mail and FedExed a hardcopy, outlining what will take place (and Yes, I read the whole thing). Next, was ‘the’ counseling session. It was estimated to take 60 – 90 minutes (over the phone). After 15 minutes, the ‘counselor’ said, “Well, it looks like you understand ‘the’ Reverse Mortgage process” and we were done.
Following this, was ‘the’ application process. Bunny asked me to send her (Faxed) a financial statement which I composed immediately and sent it off. When she got it, we talked about what/why I was wanting a Reverse Mortgage. Her observation was, “If I didn’t have a mortgage, I wouldn’t need any supporting financial help.” (I have income from Social Security and a pension from a large aerospace company.) I replied, “Yes, you are right. However, I have 6 Grandchildren and my son’s oldest daughter is starting college this September, and I know he will need help in financing her college education”. Just a note: I don’t look at ‘this’ refinance as a Reverse Mortgage (because, I will probably never have to use ‘the line-of-credit’ or use the ‘cash out’ for myself), I look at this as a ‘Home Equity loan’ where I am borrowing from myself to help my Grandchildren.
Next, was a list of documents needed to go through the application process. The application process went smoothly, many, many, many documents to sign. Next, the appraisal - - oops, they found a problem (with dry-rot in one of the patio post/pillars) - - need to get that corrected right away (since this is a FHA loan, everything has to be perfect and working). Next, closing, many, many, many documents to sign – again.
The thing that I appreciated the most was, Bunny always kept me ‘Up-to-date’ on what was going to occur next or if we had just completed a mile-stone (counseling, application, appraisal or closing), what was happening - did the application get accepted, if anything was missing or omitted – what was needed to complete the task or the appraisal ‘found’ a problem - what the problem was, etc. It was wonderful working with her. It was like talking to a friend that knew the process and could answer all my questions/insecurities. If I needed to do this again, I would definitely call on Jennifer (Bunny) ** for assistance.
Note 2: I have also told several of my friends that are/were in the same boat I was/am (they have pretty good cash flow (retired teachers), but are currently saddled with a mortgage). However – a caveat, if you are a spender, not a saver – don’t get this type of funding (Reverse/Home Equity). It will be too easy to go through your savings.
Reviewed Oct. 5, 2019
I spoke to three companies and when Finance of America called me, they walked me through the process. They were very attentive and very professional. My mom and I chose Finance of America Reverse because they told us that even if they didn't get the loan, it doesn't matter. If we need to know anything about reverse mortgage, they will still let us know. They were very accommodating. They were the best and we made the right choice. Their rep, Marina, was unbelievably good. I've done customer service for 20-something years but her professionalism and customer service was out of this world. She did a fantastic job. We were told that the whole process would take about 45 to 60 days but it happened within 30-something days, way less than the estimated time we were told which was unbelievably good. We told some of the folks in our church about them and we also know a few more people who wanted to do the same program.
Reviewed Oct. 3, 2019
Everything went very well when I obtained a mortgage from Finance of America Reverse. Ellen was very friendly and informative like a good salesperson’s supposed to be. She was very good and I just did what I was told. Application and underwriting took a month. The reason it might’ve taken longer than usual is because I screw around a lot with the details. Nothing to do with the company. Then suddenly, two people arrived with 187 pages of contract and I couldn't believe it. There is one thing, though, as I sent them $9,000 and I wanna pay the interest as we go along. However, the lady said I had to pay something else first in sort of a demanding voice, so I just said, “What the hell do I care? I already sent the money in.” I had sent in more than whatever she was asking for needed to be covered, so maybe I covered the interest but I would never know till I’ll get my next statement. Other than that, working with FAR has gotten me some money.
Reviewed Oct. 2, 2019
Reverse Mortgage. Taylor was our representative of your company, he kept us informed at all times. He answered any questions we had and followed up to make sure we understood. The process went smoothly and quickly.

Thank you, Beverly. We are so happy to hear you were well-informed at every step of the process.
Reviewed Oct. 2, 2019
I was looking for reverse mortgage and I called Finance of America Reverse. It was a good interaction and the application and underwriting took about 30 days. The process was easy and they answered any questions I had. I really liked the loan officer and I would say we became best friends or like family. He is young but he knew what he was doing. The rate and terms of the reverse mortgage were good as well. In fact, during the process, the rate went down some so that made it even better.
Reviewed Oct. 1, 2019
I built an $800,000 house. I borrowed 200,000 from Finance of America Reverse to access the equity and to withdraw that money tax-free. I was not happy with their price. Also, there were certain requirements that the rep I worked with had no control over. The processing took too long, about five months. The application and underwriting process was simple but my rep, Julie, passed on the processing to somebody that she depends on and she would come back to me and say that the girl didn't do the job or she didn't get the information that she needed. They didn't seem to have a checklist.
I kept telling Julie that I had a house payment coming up and that the reverse mortgage processing needed to be completed before the house payment was due. They didn't hit the deadline and I was very upset. She said, “I guarantee you, you will not have to pay the mortgage.” She called me at 4 o’clock on a Friday and said, “I’m sorry, but you need to go ahead and pay the mortgage.” I did make the payment, and then after everything was done, I got a check from my mortgage company. Despite that, Julie followed up, she checked. The problem was my wife didn't wanna do this reverse mortgage. So, Julie provided a lot of information to help me convince her. Julie handled some of my wife's concerns, so I give Julie credit for a lot of stuff. She even FedExed everything more than once. I couldn't ask for anybody to be any nicer. On following up, she wasn’t pushy.
I just built this house and I did it on a cost plus with a guaranteed max. I had my actual cost from the builder. And so, the appraiser came out and he came back with an appraisal of 610. I got a house that was just built across the street from me that was 1.25 million. This guy came out and the only thing that he did for me was he confirmed my square-footage. But for him to put it at 610 was ludicrous. I had a heartburn on that, but FAR couldn't do anything about that. I think they were at their mercy. I had two choices and I didn’t know either one of the choices as far as the appraiser. I just picked the wrong one and I didn’t know that FAR could’ve done something on that. This guy shouldn’t be on the list to do an estimate for FAR.
If in the future, I’m not making a payment on a $200,000 mortgage and it accumulates, I don’t really know how negative it will be, other than I think it will actually be a positive because the value of the house, if you’re looking at 610, then that’s almost 800,000. I’ve got a lot more equity in the house than what was shown with the valuation, but I think that’s a negative because the appraisal was not correct. In the end, the advantage is I don’t have a mortgage. I’m debt-free and I have no quarter payments. I was looking at reverse mortgage as just having more expendable income.
Reviewed Sept. 30, 2019
We needed the cashflow and went for a reverse mortgage. I liked the way the Finance of America loan officer worked with me. His name was Toby. Also, I didn’t have to pay for the appraisal upfront. I was concerned with that problem. The whole process was about as good as it was gonna get. One time in my life, I was a loan officer so I’ve been involved in that stuff before. The guy there was helpful and the process was as smooth as you can expect.
Toby was honest which I appreciated. He didn’t pressure me unlike some of the other companies I talked to when I hadn’t made a decision yet. One even got upset with me. Toby, on the other hand, was very understanding. He looked out for my welfare instead of his business. We were under 30 days for the application and underwriting process which wasn’t very long. I probably took more time deciding on this loan. I got a rate that was competitive at the time and it was in the ballpark.
Part of the reason that I did the reverse mortgage was because I incurred about a $10,000 bill all of a sudden. I decided to go earlier than later with it so I’d have the cash to pay that bill. Finance of America helped and impacted me that way. They kept me very informed and they really worked with me. It was a hard decision to make but by the time I was done, I was confident that it was the right decision and that it was not a mistake.
Reviewed Sept. 29, 2019
Doing a reverse mortgage seemed like the right thing to do for me. Finance of America Reverse gave me a better price on the loan and so I went with them. The application and underwriting took about a month, and the person I dealt with during the whole process seemed to know what she was talking about. Also, I was expecting a lower interest rate and the upfront price was better than what I got. Working with Finance of America Reverse has made my life easy.
Reviewed Sept. 28, 2019
I needed some work done on my house and it’s some pretty expensive work. So I worked with Finance of America Reverse to do a reverse mortgage. My loan officer had patience to try to explain everything, and whatever questions I had because there were a lot of things I didn’t understand. She took the time and explained them to me. The rate and terms seem to be okay. Working with them is helping us a lot right now.
Reviewed Sept. 27, 2019
As many consumers we were not sure what to expect when we first started the process. We were very blessed to have Taylor ** as our guide through the entire process. He met every expectation. He answered all questions in language we understood. We never felt pressured and felt free to call him at any time with questions and concerns. I feel even in future transactions if we had questions we could contact him. For us the process was easier and more pleasant than we might have anticipated.

Carl & Judith, we appreciate your wonderful review! You're right; you can contact Taylor with any questions you have in the future. We love to maintain a relationship with our borrowers long after the reverse mortgage is originated.
Reviewed Sept. 25, 2019
I had a nice call from a gentleman of Finance of America and I seem to have connected with him just over the phone. I don’t like anybody that pushes me or talks me into anything. And I found him to be very patient and very pleasant to talk to over the phone. My loan officer, Kevin, was also excellent. He was right on the spot, just perfect, and explained everything to me. The application went well.

Thank you, Norma. We are glad to hear that you felt comfortable with your understanding of the reverse mortgage and did not feel pressured to proceed. We understand that it takes time to make a decision, and we're so glad to have helped you accomplish your goals.
Reviewed Sept. 24, 2019
I went through a good process when applying with Finance of America Reverse. I talked to some people who work there and they were very nice. They got in touch with me all the time which I liked. However, my interest rate is too high with them compared to a regular loan. I would like the interest rate to go down a little bit. Still, Finance of America is fair. They are a good company.
Reviewed Sept. 23, 2019
My mom has dementia and I am her guardian so, we are caring for her and I’m home right now in order to do that. Plus, in order to continue to keep her at home and provide the best care that we can instead of sending her to a nursing home, we did a reverse mortgage on her house. We started the process about a year ago. We’ve been talking about it for a long time but as it was, we were running out of resources. It was clear that in order to get through another year or more, we needed to do that. We asked around what the process was from my lawyer and we got some advice. We found Finance of America Reverse and started working with them. We expected that it would take about three months to finish everything, and it took closer to nine months. That extra six months was challenging but they did things to make it work.
Finance of America Reverse messed up on the paperwork and I was out of the country for a while for four months, so I had to come back in order to sign the papers. When I signed the papers, it turned out they messed up one of the 200 pages. It was a ridiculous stack. They did an addendum or something at the very end and they had the wording wrong. Our lawyer caught it but they wanted me to come back to the country. I was at a very remote part of Canada and they were willing to work with us and had me sign them and download what they wanted me to sign, print it out, and then FedEx it back. I appreciated the fact that they were willing to be flexible. It was really good that I didn’t have to fly back a second time. So, in the end, I was happy with how it all worked out.
The rep was great to work with and I was very comfortable with her. When she came back from her vacation, she helped me straighten out the things that got a little screwy when she went off on vacation. I really liked her. The process was more difficult than I was expecting going into it, but I was happy that we managed to work it all out in the end. Other than how long it took, which was hard and we definitely run out of money before getting the reverse mortgage, I’m very glad that we got it because otherwise, she would be in a nursing home now. So, we got it just in the nick of time. So, I would recommend Finance of America for someone in our situation. Working with them made it possible to keep mom at home for another year or maybe two more years, and it’s really important to me and my siblings. So, we’re really happy about that. I was overall satisfied with the process in the end.
Reviewed Sept. 22, 2019
We have a line of credit, and we don't plan to use it hopefully ever, but it seems like a good way to have a permanent access to the equity in our home. We chose a reverse mortgage for financial security and we’ve been with Finance of America Reverse since December. The application and underwriting process didn’t take very long. We live in a condominium and the biggest issue was HUD approval but once that was taken care of, it was relatively quick.
The lending process was great and I was really pleased with Julie, the person who helped us and with Finance of America. She was very helpful and sincerely concerned and had wonderful follow-up. I felt absolutely comfortable working with her. We were trying to have the maximum amount available in the distant future if we ever have to draw on it. So, we chose higher rates rather than lower rates. We were happy with the rates that we got, so no problem. If we were in another position where we really need to use the money right now, we would have tried to have lower rates. Working with Finance of America was a positive experience. I'm really grateful to have the reverse line of credit, and it's more of a sense of building a greater sense of security.
Reviewed Sept. 21, 2019
I needed a little cash, and I thought that a reverse mortgage was the best way to go. Obtaining it at Finance of America Reverse went pretty quick. I had a great girl on the other end, Nicole, who I thought did a great job. She told me everything and it all came to reality. It fell in place and it was very simple. She made it enjoyable instead of drudgery. The terms were a little questionable though. Rates were up in the air, but in the end, she came through. We had another company close a little bit better, but she tried to match it pretty close. So overall, I was okay with that.
Reviewed Sept. 20, 2019
A reverse mortgage seemed like a good thing to do at the time to free up some money, and Finance of America seemed to know what they were doing. The longest thing was getting the appraiser in here and having him do his thing, but the rest of it went very well. The rep did a nice job and he returned my calls when he said he would. So far, working with them has made things better.
Reviewed Sept. 19, 2019
I liked how Finance of America Reverse returned my phone calls. Plus, the rep whom I worked with was good. However, there were nebulous issues that were left open that it would have been better to be upfront about. Part of that was letting me know what my expectations were in terms of the kind of monies I could walk away with. It was kinda high in the sky and yet it didn’t come through.
Reviewed Sept. 18, 2019
Recently I applied for a reverse mortgage at Finance of America Reverse LLC, a process so complicated, tedious and demanding. With this letter I would hereby like to compliment one of your employees, Andrew **, Reverse Mortgage Specialist for the excellent service he provided me over the past few months. Mr. ** helped me to sort out my application after a failed attempt with a different reverse mortgage company. Mr. **'s professionalism and enthusiasm to get my application approved exceeded my expectations. This type of professionalism and commitment to the highest level of customer’s satisfaction has to be acknowledged. Having in mind such a pleasant experience with your colleague it would be my pleasure to continue doing business with your company in the future. Sincerely, Mohammed **
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.financeofamerica.com
