
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!
(more…)