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Finance of America is the second-largest reverse mortgage provider, offering government-insured home equity conversion mortgages (HECMs), proprietary HomeSafe loan, and HomeSafe Second, a reverse mortgage that operates like a HELOC. It stands out for customer service, with a borrower care team guiding clients through the application process and managing their loan. Finance of America doesn't require mortgage insurance premiums or origination fees, but rates and fees are not transparent online.
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