As more and more seniors turn to HECM loans to have more control over their retirement accounts, there has been more discussion about them in the broader public. This also means that there are more misconceptions about them, and some of these can be difficult to dispel. In order to make the decision that is right for you, you should speak with your trusted financial advisor to learn exactly what they are and how they operate.

With our team of local Frisco, TX financial experts and loan originators at FHL Texas, you have a dedicated guide to the world of reverse mortgages. In the past, people tended to turn to these loans as a solution for when they needed money during retirement, but today, an FHA-insured HECM loan can be a way to do more with your net worth. If you are like most people at the age of 62 or older, then you have a substantial amount socked away in your home equity and using it how you want is possible through a reverse mortgage. Talk to your financial advisor to learn more and make the choice that is right for you and your family.

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Once you reach the age of 62, you have an additional tool in your financial toolbox. This is called a HECM loan, which is a federally insured form of reverse mortgage, and it brings new possibilities to your portfolio. One way that seniors are taking advantage of this type of loan is in the purchase of additional real estate, either for personal use or as a way to generate some passive income.

When you want to know more, take some time to learn about your options with our team of trusted local financial advisors and loan originators at FHL Texas in Frisco, TX. We can help you to make sense of reverse mortgages and help you to decide if one is right for you and your family. If you are like most seniors, much of your net worth is tied up in your home equity. While this can have its advantages, it can also prevent you from being able to make that next significant investment. Talk to our team to learn about the advantages and risks of an FHA-backed HECM loan today! (more…)

Many seniors have a significant portion of their net worth tied up in their home. While there are definitely advantages to this approach, it also means that you cannot move your money around as easily as with other investments. If you have reached the age of 62, however, you have another tool at your disposal to help you better manage your finances. With a federally insured HECM loan reverse mortgage, you can convert your exiting home equity into cash that you can use in a variety of ways.

With our team of expert loan originators and financial advisors at FHL Texas, you can learn more about reverse mortgages and see if they are the right move for you and your family. Take some time to meet with our team to discuss the advantages and risks of a reverse mortgage that is insured by the Federal Housing Administration. Some seniors are even using this form of loan as a way to invest in real estate, so if you have been thinking about purchasing a second home, an FHA-backed HECM loan might be your move! (more…)

If you are like many retired families, a large portion of your net worth is tied up in your home. While there are benefits to having a stable place to keep your money, this can limit you when you make decisions regarding your investments. When you reach the age of 62, there is a way to convert your existing home equity into usable capital that you can use for a variety of purposes. Whether you want to purchase a second home or simply boost your retirement account, talk to your financial advisor about an FHA-backed HECM loan.

With our team of local Frisco, TX financial experts at FHL Texas, you have a guide to the world of reverse mortgages. These are becoming increasingly popular with retired individuals looking to make a change, so take the time to meet and discuss your options. By converting your home equity into cash, you give yourself more flexibility in your retirement. Take control of your finances and make the decisions that are right for your family with a HECM loan! (more…)

If you are like many seniors, then a big part of your net worth is tied up in real estate. Unfortunately, for most people, this real estate is their home! When you want to have more control of your finances, talk to a team of trusted financial advisors about whether a reverse mortgage is right for you. This method works in a little different way than most home loans, so understand all of your options with an appointment with an expert.

With our team of financial advisors and loan originators at FHL Texas, you have a dedicated guide to all of your options, including an FHA-backed HECM loan. This is commonly called a reverse mortgage, and it helps you to convert your existing home equity into liquid capital that you can use. When you want to have more freedom and flexibility with your finances, talk to our team about the advantages and risks of a reverse mortgage. Some seniors are even using reverse mortgages to buy a second home! (more…)

When you reach the age of 62, more possibilities become available to you, including an FHA-backed HECM loan. This is commonly called a reverse mortgage, and it can help you by converting your existing home equity into cash. Unlike traditional home loans, you do not have to pay these off on a standard schedule. Instead, you can pay it off when you decide to leave your home. HECM loans can be used for a variety of purchases, including buying a second home, either for investment or personal use.

If you are ready to explore your reverse mortgage options, reach out to our local Frisco, TX team at FHL Texas. Our staff of expert financial advisors and loan originators can help you to make sense of this form of loan and see if it is right for your family. This could be your way to expand your real estate portfolio, so talk to our team today! (more…)

When you own your home, you have a powerful financial tool at your disposal. For seniors who have reached the age of 62, you have the opportunity to convert your home equity into liquid capital for a variety of uses. This money can help you to increase your retirement savings or even purchase a second home. If you have been searching for a way to do more with your money, a HECM loan can help you to have more retirement flexibility.

Learn more about your choices with our team of local loan originators and financial advisors at FHL Texas in Frisco, TX. HECM loans are a form of reverse mortgage that is backed by the federal government through the Federal Housing Administration. These are only available to seniors, created to provide financial relief and flexibility for those age 62 or older. With an FHA-backed reverse mortgage, you can take advantage of your existing home equity and turn it into cash, giving you the opportunity to decide how and when you use your money. Learn more about HECM loans with a call to our team today! (more…)

After you stop working, you still may want to see a financial boost in order to do the things that you love. If you have been searching for a way to increase your retirement portfolio, talk to your team of financial advisors about your options. One choice gives you the opportunity to convert your existing home’s equity into cash that you can use however you’d like, from giving you more working capital for your investments to the purchase of a second home!

Take some time to sit down with our team of loan originators and financial advisors at FHL Texas in Frisco, TX to discuss how an FHA-backed HECM loan can help you to do more with your money. This form of loan is commonly called a reverse mortgage, and while there are some common myths and misconceptions about them, HECM loans can be a valuable tool in the financial strength of retirees. These are only available for those at the age of 62 and older, so if you have reached that milestone, reach out to our team to learn more about the process! (more…)