Navigating The New Normal In Interest Rates

navigating the new normal frisco tx

While inflation peaked in June 2022, the inflation rate is still significantly higher than the Federal Reserve would like to see. That means that they are holding interest rates where they are for the time being, and we need to be prepared for what that entails.

At FHL Texas, we know that high interest rates affect how Americans conduct their financial business. From first-time homeownership to reverse mortgages, our team is here to help you make those important moves. Give us a call to talk more about the impact that current interest rates can make on your decision.

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Could A Reverse Mortgage Help You Retire In Place?

retire in place frisco tx

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!

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Aging In Place With A HECM Loan

aging in place frisco tx

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!

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Fun Cultural Events In Dallas This Weekend

events in dallas frisco tx

It’s finally spring here in North Texas, and that means that it is time to get out and enjoy the sunshine. There is a ton of events in Dallas going on every weekend during the spring, and this weekend is certainly no exception. When you are thinking about where to take your date (or your little ones), take the time to discover all that Dallas has to offer.

At Family Home Loan Texas in Frisco, TX, we love the Metroplex, and we want to help you to find your special place within it. Our team loves doing what we do, and there is no place better to be right now than right here in North Texas. If it’s time to lay down some roots, talk to our team about making your home purchase experience a positive one with a helpful team of loan originators. Spot us at one of these fun cultural events in Dallas his weekend, or give us a call to learn more about Family Home Loan Texas!

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Using Your Home Equity To Your Advantage

convert your home equity frisco txReal estate tends to be a stable place to see financial growth, and that is one of the reasons why it is such a popular way for people in North Texas to invest their money. This is a long-term investment, however, meaning that if your net worth is tied up in your home, you could be looking for a way to free up some capital for other projects. When you reach the age of 62, you have an additional tool at your disposal which helps you to convert your home equity into cash that you can use how you see fit.

At Family Home Loan Texas in Frisco, TX, we know that seniors are using reverse mortgages to their advantage more than ever before. Our team also understands that having the right information is the best first step. If you have heard about reverse mortgage and would like to learn more, give us a call to find out how homeowners at the age of 62 or older are finding financial flexibility with HECM loans, a reverse mortgage solution that is backed by the Federal Housing Administration. Our helpful loan originators are here to help, so reach out to FHL Texas today! (more…)

Buying A Home For The First Time

buying a home frisco txBuying a home is part of the American dream for many people, and if you are thinking about making the change from being a renter into homeownership, there are ways to be prepared. This can be a stressful situation when trying to figure it all out on your own, so speaking with someone who understands the process can help. You may have only known renting for your entire life, so start your journey with the help of the right information.

If it’s time to make the leap from rentership into owning your very own home, talk with our team at Family Home Loan Texas in Frisco, TX. We are here to help you how to better understand your possibilities in financing the move, and our team appreciates the opportunity to help you to find your way into a new North Texas home. As new homes start to enter the market, 2024 might be your time to make a change, so reach out to FHL Texas today to learn more about becoming a first-time homebuyer! (more…)

A Reverse Mortgage Helps You Use Your Home Equity

your home equity frisco tx

For many families in the Metroplex, a significant portion of their net worth is tied up in their home. With all of the changes in the economy, this can be a stable way to invest your money, but it unfortunately means that this capital is unavailable when it comes time to make an important investment. It also means that if you need these funds to fill out your retirement savings, you need an option to convert your home equity into cash that you can actually use.

At Family Home Loan Texas in Frisco, TX, we are a team of loan origination professionals that understands our community. We know the value that can come with a HECM loan form of reverse mortgage. These are a specific type of loan that helps you to convert your existing home’s equity into capital, and HECM loans are backed by the Federal Housing Administration, giving you the security when you need when you make a pivotal decision. This type of reverse mortgage is only available to those who have reached the age of 62, so if you are looking for a way to do more in retirement, talk to our team about all of your options!

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Enjoy The Atmosphere At These Dallas Weekend Events!

dallas weekend frisco tx

As the weather starts to warm up, you know what time it is here in North Texas. It’s time to get out in the sunshine in our beautiful city. If you are looking for something fun to do this weekend in Dallas, there is no shortage of great activities, and this is the perfect time to get out there and see the sights. When choosing where to go for your Dallas weekend excursion, these local events are a great guide to the activity.

At Family Home Loan Texas in Frisco, TX, we care about our community. That is why we love doing what we do. Our team appreciates the opportunity to help North Texans to move into the home of their dreams, and we also want to give Metroplex families additional financial tools including refinancing and HECM loan reverse mortgages. Give us a call to learn more about our dedication our city and how we can help you through home loans, reverse mortgages, and more!

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Convert Your Home’s Equity With A HECM Loan

convert your home's equity frisco tx

If you are like many here in North Texas, then you have much of your net worth housed in your housing. While historically, real estate has been seen as a stable place to grow your finances, there might be another way that you would like to use your money. A HECM loan is a specific form of reverse mortgage loan to help you to convert your home’s equity into cash that you can use for a variety of purposes, and this is one that has the backing of the Federal Housing Administration.

When you want to know more about your financial options after reaching the age of 62, speak with our helpful financial team at Family Home Loan Texas in Frisco, TX. One of the most popular solutions for seniors is a reverse mortgage loan, and these can bring you benefits in a number of ways. A HECM loan form of a reverse mortgage can help you to boost your retirement account, giving you more financial flexibility, and some seniors are using this capital to invest in their home or even purchase additional property. To find out more about this opportunity, give us a call today!

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Buying A New Home In 2024

new home in 2024 frisco tx

The housing market has seen some changes over the last few years, leaving many families to wonder if now is the right time to buy a home. Here in North Texas, buying a home is a goal for many, but understanding the right moves to take can be difficult. When you start to plan for your move, take some time to meet with a trusted team of home loan professionals to understand your options in financing.

At Family Home Loan Texas in Frisco, TX, we are here to help you find your way into a home that you love. Due to a few factors, there has been limited housing stock over the last few years, making purchasing a difficult prospect for many families. This dam appears to be breaking, as the DFW Metroplex has been building a record number of new properties from Duncanville to Decatur. If you have been looking to make a change from renting into homeownership, now could be your opportunity to strike. Give us a call to schedule a time to discuss your options!

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