Are You Ready To Buy Your First Home?

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first time home buyer, frisco, tx,

Buying your first home is, for many Americans, an important milestone to reach. It allows you to gain stability, build wealth, and have a space for yourself and your family. While this can be an exciting step, it can also be confusing to navigate all that you need to do on your own. That’s where FHL Texas in Frisco comes in to help. We offer consultations that can help you determine your budget and find a mortgage plan that fits in to your goals. In today’s blog, we’re here to talk about what you need to know before taking the next step.

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filed under: First-Time Buyers

A Reverse Mortgage To Retire In Place?

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retire in place frisco tx

Thinking of retiring soon? It is important to make sure that you have put yourself on the right financial path. If you are like many people in North Texas, then a big portion of your net worth is housed in your housing, and that can sometimes make it tough to make these big decisions. If you are looking to retire in place, then it may be time to talk to a financial professional about whether a HECM loan reverse mortgage is right for you.

Here at Family Home Loan Texas in Frisco, TX, we understand the world of reverse mortgages, and we are proud to help older DFW individuals discover their options. Many people across the country are using these simple non-recourse loans to provide more financial flexibility in retirement, and they might be an option that suits your needs. HECM loans are backed by the FHA, giving you the security of the federal government in your reverse mortgage.

To find out more about HECM loans and retiring in place, call us today!

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filed under: Reverse Mortgage

New Home? Discover Your Loan Options

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new home frisco tx

In the past few years, the housing market has been a challenging environment for new homeowners. Limited housing stock, coupled with a steep rise in new residents, has made it really tough to find properties in people’s budgets. Thankfully, we have also been one of the drivers in new home development, meaning that there are new home options available each and every day.

Here at Family Home Loan Texas in Frisco, we are here to help you find your way into homeownership. For those who are looking to buy for the first time, our team is here with information about your possibilities. To find out more about our services, give us a call today!

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Convert Home Equity With A HECM Loan

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convert home equity dallas tx

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!

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filed under: Reverse Mortgage

There Are Options With HECM Loan Proceeds

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hecm loan dallas tx

In this country, and in North Texas in particular, housing often plays an important role in a financial portfolio. As you age, it is important to make positive decisions with how you manage your money, and when a significant portion of your net worth tied up in your home, it can make things a bit tougher for you. A HECM loan form of reverse mortgage is a way to convert your home’s equity into cash that can be used for a variety of purposes.

When it is time to discuss your future, talk to our team at Family Home Loan Texas in Frisco, TX about your options. HECM loans are becoming an important part of many seniors’ financial plans for aging in place or enjoying their retirement, and they may be your next step. There are many myths and misconceptions about this process, so speak with your financial advisor and learn about how reverse mortgages operate. To find out more about your possibilities, give us a call today!

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filed under: Reverse Mortgage

Experience These Events In Dallas This Weekend

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Here in North Texas, we are about to enter into the hottest part of the year. While it has been manageable so far, there are still many more days left before the fall, and this weekend may be one of your last chances to really enjoy yourself before the slog that we call August. Thankfully, there are a bunch of amazing events in Dallas this weekend for you and the entire family to enjoy, and we are excited to get out and experience the city.

If you want to explore your financial possibilities related to Metroplex real estate, talk to Family Home Loan Texas in Frisco, TX about your needs. From the suburbs of Mansfield to the urban walkability of Downtown, we help families across our metro area to discover new options. Whether it is time to talk about a new home, refinancing your current one, or the advantages of a HECM loan reverse mortgage, we are here for you. Give us a call today to set up a meeting!

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Fun Things To Do This Weekend In Dallas

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At our office, we love our city, and that means that when the weather is this nice, it is time to step outside. Before things become too hot to handle, this is the perfect time to really experience everything that the Metroplex has to offer, which is an endless amount of fun and entertainment. If you have been trying to plan for the weekend and are just coming up empty, we are here to help with some suggestions on fun things to do in Dallas.

When you want a team of loan originators who really care about the community, talk to Family Home Loan Texas in Frisco, TX. From Aledo to McKinney and everywhere in between, we understand the value of finding a home in North Texas. We also understand the importance of keeping an eye on your finances as a homeowner through refinance, and we know that reverse mortgages are becoming a key component of Metroplex seniors’ retirement plans. If you have reached the age of 62, take the time to talk about the advantages of HECM loan reverse mortgages. Give us a call today to talk about all of your options!

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Interest Rate Changes? Staying Up To Date

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mortgage rate interest rate frisco tx

When you decide to purchase a home, you need to take more things into account than just the listed price. Budgeting is an important step, and that means taking the time to figure out how much you will need to spend on things like home insurance and property taxes, which you might not currently have to worry about if you are a renter. But these are all a part of the homebuying package, and so you need to stay up to date with rate changes. Your interest rate is a key element of your home loan, and even slight shifts can make a significant difference on the total price of your home.

If you are ready to make the leap from renting into homeownership, talk with our team here at Family Home Loan Texas in Frisco, TX. With our group of helpful loan originators, you can have a guide to your homebuying possibilities who understands the North Texas real estate landscape. Interest rates have been a hot topic of conversation recently, and you want to know how they affect your timeline. Having the right information can help you and your family to make the choice that is best for you and your family, and we want to help!

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filed under: First-Time Buyers

First Time Buying A Home?

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For many people, the idea of owning your own home means many different things. It means freedom to make improvements and changes to your home, and it also signifies a stable existence for you and your family. This change is not always the simplest for new homebuyers, however, so it can be helpful to talk things through with someone who understands the real estate landscape. If you have been thinking about making the leap from renting into homeownership for the first time, take some time to learn about your options as you start to save up for the big move.

Here at Family Home Loan Texas in Frisco, TX, we love the Metroplex, and we want to help you find your very one special place in North Texas. The market has seen many changes over the last few years, and we are here to be a guide to your financing options. 2024 might be your time to strike, so talk to our team about your possibilities in purchasing a new home for the first time. Give us a call today to learn more!

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filed under: First-Time Buyers

Navigating The New Normal In Interest Rates

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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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filed under: Home Loan, Refinancing