FOA lowers rate, expands HomeSafe Second reverse mortgage into new states
Housing Wire
OCTOBER 31, 2024
Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. FOA President Kristen Sieffert said the product allows the company to address gaps in the existing HELOC and traditional home equity loan market.
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