Once you reach the age of 62, you have an additional tool in your financial toolbox. This is called a HECM loan, which is a federally insured form of reverse mortgage, and it brings new possibilities to your portfolio. One way that seniors are taking advantage of this type of loan is in the purchase… Read more »
Many seniors have a significant portion of their net worth tied up in their home. While there are definitely advantages to this approach, it also means that you cannot move your money around as easily as with other investments. If you have reached the age of 62, however, you have another tool at your disposal… Read more »
If you are like many retired families, a large portion of your net worth is tied up in your home. While there are benefits to having a stable place to keep your money, this can limit you when you make decisions regarding your investments. When you reach the age of 62, there is a way… Read more »
Looking for something fun to do this weekend in the Metroplex? As the weather starts to cool off just a little bit, this is sure to be an active weekend. And after the heat of this summer, we cannot blame anyone for wanting to get out and have a little fun. Luckily, there are a… Read more »
If you are like many seniors, then a big part of your net worth is tied up in real estate. Unfortunately, for most people, this real estate is their home! When you want to have more control of your finances, talk to a team of trusted financial advisors about whether a reverse mortgage is right… Read more »
When you reach the age of 62, more possibilities become available to you, including an FHA-backed HECM loan. This is commonly called a reverse mortgage, and it can help you by converting your existing home equity into cash. Unlike traditional home loans, you do not have to pay these off on a standard schedule. Instead,… Read more »
When you own your home, you have a powerful financial tool at your disposal. For seniors who have reached the age of 62, you have the opportunity to convert your home equity into liquid capital for a variety of uses. This money can help you to increase your retirement savings or even purchase a second… Read more »
If you are looking for something fun to do this weekend, it might be the nicest weekend in quite a while. Even though the temperatures look to remain high, having a break from those triple digit days can make all the difference. This summer has felt like it has been dragging on, and a few… Read more »
After you stop working, you still may want to see a financial boost in order to do the things that you love. If you have been searching for a way to increase your retirement portfolio, talk to your team of financial advisors about your options. One choice gives you the opportunity to convert your existing… Read more »
As a retiree, you may be in the market for a second home, either for personal use or to rent to tenants. In these circumstances, it can be helpful to speak with a trusted financial advisor in North Texas about your options, including an FHA-backed form of reverse mortgage known as a HECM loan. These… Read more »
