
For many seniors, net worth is housed in housing. This has always been seen as a stable place to grow your money, and for the most part, it is one of the most secure ways to keep your investment safe. And since it has the added benefit of being your home, personal real estate is an amazing thing. Our team loves homeownership, but sometimes, it means that you cannot access your capital when you need it, and reverse mortgages serve to convert home equity for people looking to make their own decisions and control their finances.
At Family Home Loan Texas in Frisco, TX, we are here to help you explore your options in reverse mortgage lending. These are non-recourse loans that are designed to help you to boost your retirement account by converting your home equity into capital that you can use how you’d like. There are certain limitations on the use and availability of reverse mortgage loans, so make sure to talk to a trusted neighborhood team of loan originators to learn more about HECM loans, and see if they are right for you and your family. Give us a call today!
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