Real 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…)

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!

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!

These days, many people hold a significant amount of their net worth in their home equity. While this can be a stable way to manage and grow your wealth, it can also mean that you have less access to the funds when you need to use them. Here in North Texas, home equity plays an outsized role in wealth management, and knowing how to use it to your advantage can be a plus. One option is a HECM loan reverse mortgage, which can help to convert your home equity into cash that you can use in a variety of ways.

Here at Family Home Loan Texas in Frisco, TX, we understand the importance of a flexible retirement. If you are looking for a way to control your finances, unlocking the funds within your home equity could be a solution, so talk with your financial advisor to see if this is an option for you and your family. HECM loans are only available to those who have reached the age of 62, and they are becoming a suitable choice for many seniors to find new financial flexibility!