If you’re like many in North Texas, then your home takes up a significant part of your net worth. While this has always been viewed as a helpful way to grow wealth, it means that you cannot access these funds simply whenever. Unless you plan on selling your home, in order to use your home equity to your advantage, you would need something like a line of home equity credit. These do not always make sense for people, but what are your options?

Thankfully, for those who have reached the age of 62, there is another way, and our team at Family Home Loan Texas in Frisco, TX can help you to make sense of it all. With a HECM loan, you can convert your home’s equity into capital that you can use how you see fit. This is a form of reverse mortgage that has the backing of the Federal Housing Administration, helping you to have a secure and trustworthy home equity conversion loan. To find out whether a HECM loan is right for you, give us a call and talk to our team today!

As we age, our homes become more than just a place to lay our head. They are places that hold your life, including all of those cherished memories, and if you want to continue living there after your retirement, you are certainly not alone. Many seniors are looking for ways to retire in place, and with the current economic landscape, some are finding this to be a more difficult task than they first thought. You have options that are designed to help retirees in this situation, however.

If you are ready to explore your financial possibilities, talk with our team at Family Home Loan Texas in Frisco, TX about the advantages of HECM loans. These are simple non-recourse loans that help you to convert your existing home’s equity into cash that you can use how you see fit, and they are the most popular form of reverse mortgage available in the United States. HECM loans are backed by the Federal Housing Administration, giving you an added level of security in your reverse mortgage. To find out more about how converting home equity can boost a retirement account, give us a call today!

Housing in North Texas has become increasingly more expensive over the last few years, and that has made it more difficult for some seniors in the Metroplex to continue to afford living in their current homes. So, if aging in place is becoming tougher for individuals, what are some tools that are available to improve outcomes for our seniors? HECM loans are becoming a helpful resource for our aging population, providing a solution by converting existing home equity into usable capital for everyday investments and important home investments.

At Family Home Loan Texas in Frisco, TX, you have a dedicated guide to the world of reverse mortgage loans. HECM loans are a specific type of reverse mortgage loan that is insured by the Federal Housing Administration, giving you added peace of mind in your decision. By converting home equity into capital, it can be a helpful too in boosting retirement accounts or paying off the rest of a traditional mortgage loan. To find out more about how HECM loans are helping some seniors to age in place gracefully, give us a call today!