For many people in North Texas, their net worth is housed in their housing. Our properties tend to play an outsized role in our finances in our area, and that can bring some decided advantages. It generally means a more stable growth than other avenues, and in the Metroplex, property valuations have skyrocketed over the last few years. But unfortunately, many of the same factors are making it tougher for older folks to stay in their homes as they age, and so they look to a solution; a HECM loan is one of those possibilities.

With our team at Family Home Loan Texas in Frisco, TX, you have a resource in the world of real estate. We understand that the landscape is shifting, and for people who have reached the age of 62, that sometimes means having a discussion about a reverse mortgage loan. HECM loans are specific types of reverse mortgages that have backing from the Federal Housing Administration, helping you to have a little extra security.

Your net worth tied up in your home? Ask whether a HECM loan reverse mortgage is right for you.

If you are like many North Texans, then much of your net worth is housed in your house. While this can be a stable way to invest, it can also make it tough to spend that money for your comfortable retirement. Having some liquidity has value, and for those who have reached the age of 62, there is an avenue to convert home equity into cash that you can use how you see fit.

At Family Home Loan Texas in Frisco, TX, we help people understand all of their options when it comes to HECM loans. Many seniors are finding a more comfortable retirement through reverse mortgage loans, so ask your financial advisor if one could help you to experience a little more liquidity. And when you are ready to discuss your HECM loan options, we’re here to help you find the solution that works best for your needs.

Find out more about reverse mortgage loans. Call Family Home Loan Texas today.

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!

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!