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…)

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…)