As we age, our homes become more than just a place to lay our head. They are places that hold your life, including all of those cherished memories, and if you want to continue living there after your retirement, you are certainly not alone. Many seniors are looking for ways to retire in place, and with the current economic landscape, some are finding this to be a more difficult task than they first thought. You have options that are designed to help retirees in this situation, however.

If you are ready to explore your financial possibilities, talk with our team at Family Home Loan Texas in Frisco, TX about the advantages of HECM loans. These are simple non-recourse loans that help you to convert your existing home’s equity into cash that you can use how you see fit, and they are the most popular form of reverse mortgage available in the United States. HECM loans are backed by the Federal Housing Administration, giving you an added level of security in your reverse mortgage. To find out more about how converting home equity can boost a retirement account, give us a call today!

Housing in North Texas has become increasingly more expensive over the last few years, and that has made it more difficult for some seniors in the Metroplex to continue to afford living in their current homes. So, if aging in place is becoming tougher for individuals, what are some tools that are available to improve outcomes for our seniors? HECM loans are becoming a helpful resource for our aging population, providing a solution by converting existing home equity into usable capital for everyday investments and important home investments.

At Family Home Loan Texas in Frisco, TX, you have a dedicated guide to the world of reverse mortgage loans. HECM loans are a specific type of reverse mortgage loan that is insured by the Federal Housing Administration, giving you added peace of mind in your decision. By converting home equity into capital, it can be a helpful too in boosting retirement accounts or paying off the rest of a traditional mortgage loan. To find out more about how HECM loans are helping some seniors to age in place gracefully, give us a call today!

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!