Many seniors are taking advantage of HECM loans, which are a federally insured kind of reverse mortgage. These are loans that help you to convert your home’s equity into cash, and these have become an increasingly popular solution for those who want to free up some capital from their home’s valuation. HECM loans are only available to those who have reached the age of 62, so if you are looking for a way to increase your savings in retirement, this could be the right time.

Our team understands how HECM loans have become an important avenue for older individuals to do a few different things, from increasing a retirement portfolio to investing in a second home for personal use. Some seniors are even using these as rental properties, so if you have been looking to find a way into passive income, this could be an option that allows you to make the money decisions. When you want to learn a little bit more about your possibilities, give us a call at Family Home Loan Texas in Frisco, TX!

Sometimes, you want to be able to use your savings for an investment, but if it is tied up in your home, you could be left without the opportunity. For seniors who have reached the age of 62, there is an additional financial tool to help individuals to manage their money, and reverse mortgages are becoming a popular way for seniors to convert their home’s equity into HECM proceeds that they can use how they want.

At Family Home Loan Texas in Frisco, TX, we know how important it can be for North Texas families to have the information they need about HECM loans. These are specific reverse mortgages that have the backing of the federal government, and the Federal Housing Administration insures them. This means that you have a reverse mortgage option that you can trust, and our team is here to help you to understand your options. To find out more about how you can use your HECM proceeds, give us a call and schedule a time to talk!

If you are like many people in North Texas, then you have a significant portion of your net worth tied up in the value of your home. While this has historically been seen as a stable and effective way of keeping your finances growing, it does not leave you with a lot of flexibility in how you manage your own money. A reverse mortgage is a way for people who have reached the age of 62 to convert their home equity into capital that they can use when and how they would like.

At Family Home Loan Texas in Frisco, TX, we understand the value that can come with making your own personal money decisions. We also know that a HECM loan form of a reverse mortgage can be a secure and stable way of making that happen. Talk to our team to learn more about the uses for a HECM loan and discover why seniors are turning to this approach to find more financial flexibility in retirement.

If you are like many homeowners in North Texas, then you have a significant portion of your net worth tied up in your real estate. While the housing market has long been seen as a safe and stable way to grow your money, this approach leaves you without the ability to use your money when you need it. For those who have reached the age of 62, there is an additional tool available to help with financial flexibility called a HECM loan form of a reverse mortgage.

Here at Family Home Loan Texas in Frisco, TX, we can help you to better understand your options in reverse mortgage loans. These operate a little differently than traditional home loans, helping you to convert your existing home equity into capital that you can use for a variety of purposes. HECM loans are a specific form of this type of loan, and it brings you decided advantages through the regulation of the Federal Housing Administration. To learn more about reverse mortgages, follow along with our blog and give us a call to schedule a time to meet!

If you are like many North Texas families, much of your net worth is tied up in your home. While this can be a stable and secure way to grow your money, it also means that you do not have access to it whenever you need it. For people who have reached the age of 62, there is an option that can help you to convert your home’s equity into cash that you can use to enjoy a more flexible retirement. Seniors across the country are taking advantage of this for a variety of reasons, from purchasing a second home to paying off their first mortgage.

At Family Home Loan Texas in Frisco, TX, we want to make sure that you know all of your options when it comes to using your home equity. HECM loans are a specific type of reverse mortgage that is backed by the Federal Housing Administration, giving you the security of a loan that is insured by the federal government. If you want to learn more about reverse mortgages, talk to our team to discover how they may be able to help you enjoy a more comfortable retirement.

With all of the discussion about reverse mortgages these days, it can be hard to know the truth. If you have heard about them, take some time to talk to your financial advisor about whether one is right for you. These have become a popular solution for those who have reached the age of 62, but it is important to know some of the specifics on how they work before you make a decision, and uncovering reverse mortgage myths can help you to do that.

At Family Home Loan Texas in Frisco, TX, we have seen some of the ways that reverse mortgage loans can benefit seniors looking for more flexibility in their retirement. HECM loan reverse mortgages operate in a different way than traditional home loans by converting home equity into capital that can be used for a variety of purposes. With a HECM loan, you can remain in your home for as long as you’d like, and you retain the title for the life of the loan. Find out more about reverse mortgages with our trusted Metroplex team!

For many people, owning a home is a stable way to manage their money. When your net worth is tied up in your home, it can also feel limiting. Once you reach the age of 62, you have an additional tool at your disposal to manage your money in a different way. HECM loan reverse mortgages give you the ability to convert your home’s equity into cash, and you can use this in a variety of ways.

At Family Home Loan Texas in Frisco, TX, we are here to help you fully understand your options with HECM loan reverse mortgages. Whether you are looking for a more traditional use as a supplement to your income or if you are thinking about buying a second home, our team can help you to learn about the possibilities that can home with a reverse mortgage. Give us a call to schedule a time to talk!

If you have heard about reverse mortgages, you might be more familiar with their ability to help boost a retirement account, but there are other advantages to this kind of loan. Reverse mortgages help you to convert the home equity in your current home into cash that you can use for a variety of purposes, from providing much-needed financial relief to being an avenue for new purchases, including a second home.

At Family Home Loan Texas in Frisco, TX, we understand the possibilities that can come with more financial freedom. With an HECM loan, people who have reached the age of 62 have access to an additional tool in their toolbelt. By converting your home equity into capital that you can actually use, you can even purchase a second home, given that it does not become your primary residence. To find out more about reverse mortgages and how they may be able to help you in this new phase of life, give us a call!