Am I Eligible For A Reverse Mortgage?

Reverse Mortgage EligibilityLife has a way of throwing unexpected things at us. While we do our best to adapt and remain flexible, we sometimes need some extra help. This is especially true for those who have retired, as many are working with a fixed income. Luckily, for those who qualify, a reverse mortgage is a great way to free up financial flexibility and live their lives how they want. In today’s blog, Family Home Loan Texas discusses eligibility requirements for individuals to receive a reverse mortgage.   (more…)

Ways You Can Use a Reverse Mortgage

Reverse MortgageYou have probably heard the term “reverse mortgage” quite a bit, but you might not have a full grasp of what it entails. Essentially, it is a way for you to free up spendable income by leveraging the equity you have in your house. If you are aged 62 years or older and have paid off most of your mortgage, you can take out this type of loan and receive a lump sum, monthly payments, a line of credit, or a combination of these. In today’s blog, Family Home Loan Texas explains the different ways you can utilize a reverse mortgage to make the most of your retirement and live on your own terms.  (more…)

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