What’s It Take To Age In Place?

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What's It Take To Age In Place? frisco tx

These days, older people are looking at their options. There are more possibilities than ever before in a retirement living space, including senior living communities in a range of shapes and sizes. But for some people, the best idea is to stay put, as aging in place offers some real opportunities. This can be a more cost-effective option, and it helps you to feel familiar in your space.

Here at Family Home Loan Texas in Frisco, TX, we work to help seniors understand their real estate options. One of those possibilities is a HECM loan, which is a specialized form of reverse mortgage that’s got the backing of the Federal Housing Administration. This simple, non-recourse loan allows those who have reached the age of 62 to convert your home equity into capital that you can actually use. And that’s letting seniors make needed improvements to their house, invest in their future, and think more about the now.

Ready to learn more about HECM loans? Call Family Home Loan Texas today to schedule a time to talk.

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What Can You Do With A HECM Loan?

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hecm loan frisco tx

As more and more of our population ages, it’s important to take a look at what we’re doing to help older people navigate this shift. One of the ways that seniors are finding a more comfortable retirement is through the use of a HECM loan, which is a reverse mortgage that has the backing of the Federal Housing Administration. By converting home equity into usable capital, they are providing real solutions for those looking for an easier way to retire in place, but that’s not all; they are also becoming a tool to help older individuals purchase additional property, spend more time with their family, and more.

With our team of reverse mortgage professionals at Family Home Loan Texas in Frisco, TX, you have the opportunity to uncover your options. If you have reached the age of 62 and you own your own home, then a HECM reverse mortgage loan may be your key to a more comfortable retirement. Start the conversation with your trusted financial advisor, and when you’re ready to have the discussion, we are, too.

Uncover your HECM loan opportunities. Call Family Home Loan Texas today.

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Convert Your Home Equity With A HECM Loan

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convert your home equity frisco tx

If you’re like many in North Texas, then a significant portion of your net worth is housed in your housing. While that has historically been seen as a stable place to grow your family’s net worth, it can also become an issue, particularly for older Americans. With no sign that property taxes will come down any time soon, it may be time to look into your options; for those looking to retire in place, a HECM loan form of reverse mortgage might be the answer.

When you’re ready to talk about reverse mortgages, come see Family Home Loan Texas in Frisco, TX. We understand the complex landscape of North Texas real estate, and we also know that HECM loans are increasingly becoming a part of seniors’ lives. If you’re ready to explore your options, talk to a trusted name in Frisco; we’re here to help you understand your possibilities.

Learn more about HECM loans. Call Family Home Loan Texas today!

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Debunking Myths About Reverse Mortgages

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Frisco, TX, home loan team can help you understand reverse mortgages

If you are a homeowner and at least 62 years old, you may be eligible for a reverse mortgage or home equity conversion loan (HECM). This loan allows you to borrow money from your home equity as tax-free income, which can help you during retirement, home repairs, and other financial needs. This can be a helpful option for many individuals, but there are a lot of misconceptions about this type of loan. In today’s blog, your team at Family Home Loan in Frisco, TX, is here today to help you understand the truth about reverse mortgages.

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Discover A More Flexible Retirement

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a more flexible retirement dallas tx frisco tx

If you have recently retired, or if you plan to within the next year, it is important to take a look at all of your options moving forward. For some, the goal is to remain in their home for as long as possible; others would prefer to move to a dedicated retirement community, helping them to downsize a little bit and spend more time near people in their own age group. Both of these can be successful ways to go, but depending on your approach, you might have differing financial needs, and achieving a more flexible retirement is important to you.

At Family Home Loan Texas in Frisco, TX, we are here to help you learn a little more about reverse mortgages. In particular, we focus on HECM loans, which are home equity loans that are backed by the Federal Housing Administration. These loans are intended for people who have reached the age of 62, designed to help people convert their existing home equity into capital that can be used in a variety of ways. Whether you want to make improvements to the livability of your home or purchase a second property closer to your family, HECM loans provide opportunity. Call us today to learn more!

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Control Your Finances With A HECM Loan

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If you are like many homeowners in North Texas, then a significant part of your net worth is housed in your housing. While this can sometimes be beneficial, especially long-term, there might be things that you want to do right now. for those who have reached the age of 62, there is an option that works to convert an existing home’s equity into usable capital, which can be spent in a variety of ways. A HECM loan can be a part of a successful retire in place strategy, used to purchase a second home, and more, so you have possibilities.

At Family Home Loan Texas in Frisco, TX, we understand how HECM loans operate, and we help people to discover their options. Reverse mortgages provide a way to use your home equity how you would like, and they are increasingly becoming a solution for our aging population. HECM loans are insured by the Federal Housing Administration, giving you an added level of security in your decision. To find out more about whether a reverse mortgage is right for you, call our office today!

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A HECM Loan Converts Your Home Equity

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converts your home equity frisco tx

For many here in North Texas, a significant part of their financial future is tied up in their housing. While this has historically been seen as a way to reliably and safely improve net worth, it can also mean that you do not have access to that capital when you need to make home repairs, purchase a second property, or simply enjoy your retirement with less worry. That’s just one of the reasons why seniors are turning to HECM loans, which are an FHA-backed way to convert your home equity into cash that can be used in a variety of ways.

With our team of reverse mortgage professionals at Family Home Loan Texas in Frisco, TX, you can learn more about HECM loans. These are a specific form of reverse mortgage, and they bring distinct advantages, while being insured by the Federal Housing Administration. If it is time to talk about your financial future, ask about whether this approach is right for you and your family. To find out more about HECM loan reverse mortgages, call us today!

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What’s Your Retire In Place Strategy?

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Aging or retiring in place is a concept that is simple, yet can bring a positive way to live that is comfortable and convenient. This approach aims to help seniors to continue living in their home after retirement, rather than moving to a dedicated retirement community. While each direction has its own advantages and disadvantages, more people than ever are looking to craft their own retire in place strategy, and planning is important in order to do it well.

With our team of local loan origination professionals at Family Home Loan Texas in Frisco, TX, you have a guide to the world of HECM loans. Reverse mortgages have become an integral part of the lives of many North Texas seniors, and we can help you to learn more about your options. These loans are insured by the Federal Housing Administration, and they can be used to fun home repairs, pay off a traditional mortgage, or even for the purchase of a second home. To find out more about HECM loan reverse mortgages, call our office today!

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A More Flexible Future With A HECM Loan

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hecm loan frisco tx

For many people in North Texas, a significant portion of their net worth is tied up in their own personal property. While this can certainly have its advantages, it can also mean that you do not always have access to capital when you need it, and that can make a real impact on the lives of those near or at retirement. A HECM loan reverse mortgage might be your solution to help you enjoy a more flexible future, but you want to learn about them before you make a decision.

At Family Home Loan Texas in Frisco, TX, we know the world of reverse mortgage loans, and our team is here to help you to understand whether they are right for you and your family. If you would like to learn more about how these non-recourse loans are helping some North Texans at or above the age of 62 to achieve a more flexible retirement, reach out and schedule a time to talk. To discover FHA-insured HECM loans, call us today!

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Find Your Fun In Dallas This Weekend

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fun in dallas frisco tx

Whether you are in desperate need of a date night away from the kids or if you are looking for a place to take the little ones for an afternoon outdoors, this is a great time to be in North Texas. While the weather can be a little unpredictable this time of the year, it is also your last chance to get outside before we see consistent triple digit days. If you miss out on your opportunities now to have fun in Dallas, you’ll be kicking yourself when August rolls around!

At Family Home Loan Texas in Frisco, TX, we have a deep appreciation for all things Metroplex. If you are thinking about settling down in the area, or if it is time to talk about your options in reverse mortgage strategies, we want to help. To find out more about us, or to schedule a time to talk further, give us a call today!

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