A Reverse Mortgage Helps You Use Your Home Equity

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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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filed under: Reverse Mortgage

Enjoy The Atmosphere At These Dallas Weekend Events!

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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

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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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filed under: Reverse Mortgage

Buying A New Home In 2024

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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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Becoming A First-Time Homebuyer

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Here in North Texas, the housing market can be tough. With all of the people moving in, we have seen a population boom, and our available stock of housing units just are not meeting the demand. The move from renting to becoming a first-time homebuyer can also be difficult to navigate in any market, and these are just some of the reasons why so many people struggle to make the switch.

When you want to know more about your options in owning a home for the first time, speak with our team of trusted local home loan originators at Family Home Loan Texas in Frisco, TX. We can help you to better understand your options in available loans for financing on your new property. Our team is also here to give you some ideas of what programs are accessible here in North Texas, including down payment and closing cost assistance. Give us a call today and schedule a time to meet to discuss your future!

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Fun Things To Do In Dallas This Weekend

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If you know Family Home Loan Texas, then you know how much we appreciate the Metroplex. I mean, this area is surging for a reason, and that means that there is always some great action going on around Dallas, Fort Worth, and everywhere in between. This weekend looks to be no exception, and there are plenty of fun things to do to help you get out and enjoy the area.

So, if you are looking for some awesome family-friendly events, follow along with Family Home Loan Texas. Our team has you covered for the start of March, which includes Texas Independence Day. Round up all your little cowboys and cowgirls and head to the AT&T Discovery District to celebrate the birth of The Lone Star State. While you’re around Downtown Dallas, the Dallas Museum of Art is offering no-cost admission to not only their permanent collection, but also their current exhibitions. The weather should be nice, so go out and enjoy our city this weekend!

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Convert Your Home Equity With A HECM Loan

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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!

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filed under: Reverse Mortgage

Buying A Home For The First Time

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Making the leap from renting into homeownership can seem like a huge hurdle, but it is important to remember that you have help in achieving your goal. Here in North Texas, there are a variety of housing options, including down payment assistance for those who qualify. From the initial planning of buying a home through to closing and beyond, it can be an overwhelming experience, so take the time to reach out to a trusted team who understands how to make it happen.

At Family Home Loan Texas in Frisco, TX, we know the value of finding your own special place here in the Metroplex. Let us know about your plans, and we can help you to better understand the financial avenues available to help you to make your dream of homeownership a reality. The housing market is shifting slowly into one that advantages buyers, but with low supply and high interest rates, you want to know your options. Our team can help you to do just that, so give us a call today to schedule a time to meet!

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filed under: First-Time Buyers

Is It The Right Time To Buy A Home?

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the right time frisco tx

Dallas-Fort Worth is growing at an unprecedented rate, and that means that we are constantly building new homes in order to meet up with demand. When that fact is coupled with the current instability in the housing market, many families are taking a hard look at whether 2024 is really the right time for them to make a change in buying a home in the Metroplex, and we certainly understand that mentality. While interest rates are still at a significantly high level, bidding wars are cooling off, so weighing your options is more important than ever when you are looking to make a change.

At Family Home Loan Texas in Frisco, TX, our team is here to help you make smarter financial decisions when your family makes a change to their housing. Interest rates remain high, which serves as a barrier for those looking to enter the market, but there has been much in the way of new construction here in the Metroplex. This means that there is a sudden influx of available new houses and condos, and there are also less buyers to compete with. If you have been thinking about making the move from renting into homeownership, talk to our team about positive ways to do it!

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filed under: First-Time Buyers

Family-Friendly Events In Dallas This Weekend

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If you are looking for something fun to do this weekend, there are plenty of options in the Metroplex. Whether you are looking for a family-friendly way to experience art and culture, or if you want to give that special little one an education in science and math, you have multiple possibilities.

Here at Family Home Loan Texas, we really love our North Texas community. From The Star in Frisco to Downtown Dallas, we cherish the opportunity to get out there and see the sights. After the recent cold snap, a little bit of nice weather is on the horizon, and you better believe that we are going to be taking advantage of it. Come see us at one of these fun and free events that the whole family can enjoy!

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