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…)

As a retiree, you may be in the market for a second home, either for personal use or to rent to tenants. In these circumstances, it can be helpful to speak with a trusted financial advisor in North Texas about your options, including an FHA-backed form of reverse mortgage known as a HECM loan. These are only available to seniors, so talk with your financial team about all of the opportunities that they can provide.

When you want to learn more about how a reverse mortgage can help you to finance a second home, FHL Texas in Frisco, TX is here to help. Our team understands the ways that HECM loans can be helpful for seniors looking to get more out of their home equity, so take advantage of this opportunity with an appointment to discuss how a reverse mortgage can be beneficial to you. Whether you want a place to relax or if you want to break into real estate investment as a way to generate passive income, you have the chance to finance a second home through your existing home equity! (more…)

If you have been looking for a way to increase your retirement portfolio, you might have heard about reverse mortgages. These are loans that are available to seniors at the age of 62 and older, and they include FHA-backed HECM loans. Reverse mortgages can be a beneficial financial tool for people who own their own home, but are looking to increase their liquid portfolio. Using your home equity can be a great way to free up some available funding for your next investment, or just to have some extra cash for your daily expenses.

With FHL Texas in Frisco, TX, we can help you to understand all of your options, including an FHA-insured HECM loan reverse mortgage. With this form of loan, you can do more with your money, in however you see fit. Another important benefit to this form of loan is that you do not have to repay it on a monthly basis as with a traditional home loan. Keep your house and then pay off the balance when you decide to move! (more…)

For many seniors, financial flexibility is something that is important to them. If you have been searching for a way to increase your retirement portfolio, a HECM loan may be the right choice for you. These loans are commonly referred to as reverse mortgages, and you might have heard a little bit about them over the past few years. While there are many myths and misconceptions about reverse mortgages, it is important to take the time to learn about how they may be beneficial to you.

With our team of advisors and loan originators at FHL Texas in Frisco, TX, you have the opportunity to use your home equity to do more with your retirement. Talk to us about whether a reverse mortgage can help you to expand your retirement portfolio by taking advantage of your home equity. These loans are specifically intended for those aged 62 or older, and they can give you additional capital for a variety of purposes. For instance, some are using these to purchase second homes, either for vacation or investment! (more…)

A reverse mortgage is something many homeowners seek out when they want to make sure they have everything they need to retire comfortably. Does this mean that the loan is only intended to help people transition away from work? You should know that you have real freedom when it comes to the money you gain from your reverse mortgage. You can use it to have more money available after you retire, but you can also use it to fund home renovations, support friend or family members in need, or enjoy more vacation time!

FHL Texas is ready to help you as you explore the benefits to securing a reverse mortgage. We provide early guidance before homeowners have committed to anything, so we can help you make sure this is the right decision for you and learn what you can do with the funds that you receive. Our guidance can also help you explore your options—there are several ways to collect on your reverse mortgage, and recent changes in Texas law have made more types of these loans available. (more…)

When it comes to your retirement, you should put time and effort into planning when to leave the working world and determining how much you will need saved in order to do so. Unfortunately, even with careful planning, many retirees will have at least one significant, unanticipated cost to address. In some cases, the amount of money they need to spend in these situations can jeopardize their overall retirement plans! One way to make sure you have the financial stability you need to truly finish working is to take out a reverse mortgage, a kind of loan that will see you receive consistent payments to be used as you see fit. FHL Texas has experience working with homeowners who are approaching the end of their working years who want to make sure they enjoy true financial stability. We can help you understand what terms and loan types are available, and we can help you confirm that a reverse mortgage will work with your retirement plans before you make any commitments. (more…)