If you are like many retirees in North Texas, then a significant amount of your net worth is housed in your house. This has historically been a stable and secure way of growing money, but it can mean that you do not have access to your funds when you need them. Many seniors are turning to a reverse mortgage to help convert their home equity into capital that they can use for investments like the purchase of a second home, or as a way to boost a retirement account.
At Family Home Loan Texas in Frisco, TX, we want to help you to find a financial solution that works for you and your family. For many North Texans, that means using a reverse mortgage as a means to increase retirement savings, and this can be a significant help by converting home equity into cash. Not all reverse mortgages are created equal, however, so it is important to talk to a trusted local loan originator about all of your options. To find out more about the advantages of HECM loans, give us a call today to schedule a time to talk!
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