FAR Launches HomeSafe Second: The Only Second-Lien Reverse Mortgage Product Empowering Older Americans to Tap Home Equity Without Making Monthly Payments

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Feb 01, 2023

Millions of older Americans have, in recent years, secured or refinanced their mortgages into record-low interest rates compared to today’s higher rates. Many of these homeowners are also seeking ways to access the equity from significant home-price appreciation to supplement their cash flow needs, pay off high-interest bills, or make upgrades to their homes. Recognizing this growing, largely unmet need for pre-retirees and retirees seeking flexibility, leading retirement mortgage solutions innovator Finance of America Reverse (“FAR”) today announced the launch of an enhanced version of HomeSafe Second.