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… Read more »
If you have reached the age of 62, you have a new option to increase your financial flexibility. With a HECM loan form of reverse mortgage, you can convert your current home’s equity into cash that you can use how you see fit. Whether you are looking to enjoy your retirement or make an investment,… Read more »
For many seniors, a substantial portion of their net worth is often invested into their home. While this is often seen as a fairly safe place to keep capital, it can limit your freedom to make decisions surrounding money. If you are age 62 or older, you have the option to convert your existing home… Read more »
If you have heard about reverse mortgages, you may have heard certain myths and misconceptions about their application. These days, this form of loan is a useful tool for people in a variety of situations, so take some time to learn about how they could be helpful to you. These can be of benefit to… Read more »
Reverse mortgages have gotten a bad reputation over the years, and a lot of it is rooted in myths and misinformation. This is particularly unfortunate because they are actually very helpful for those who qualify. They provide a way to free up necessary funds that can cover major expenses and can help you live your… Read more »
It can be difficult to find liquid assets once you are in or near retirement. If you are retired you are likely on a fixed income. If you’re close to it, you are probably diligently saving to make the most of your life once you stop working. While financial responsibility is always the best move… Read more »
