
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!
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As  Once you reach the age of 62, you have an additional tool in your financial toolbox. This is called a HECM loan, which is
Once you reach the age of 62, you have an additional tool in your financial toolbox. This is called a HECM loan, which is  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
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  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
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 
 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
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  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
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