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…)