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…)