New Second-Lien Reverse Mortgage Product Announced

Finance of America Reverse, LLC announced the launch of HomeSafe Second Line of Credit available in California beginning April 1. In its announcement, Finance of America Reverse LLC claims that its HomeSafe Second Line of Credit product is the industry’s first second-lien reverse mortgage line of credit, intended to allow homeowners 55+ to preserve an existing first mortgage, and function as an alternative to a traditional HELOC.

​More information can be found in the company’s press release.