As your intended retirement date nears, it can be reassuring to know that you have as much—or more—set aside to fund the life you want to live after you finish working. For many Texas homeowners aged sixty-two and older, a reverse mortgage can help ensure that money is available for a dream retirement! This kind of loan lets you take advantage of the home equity you have built up through years of paying off your property. The sum you receive comes without the requirement to pay back against what you have received, and you can even modify how you receive what you qualify for to best suit your needs.
It can be exciting to hear what a reverse mortgage can do for you, but it can also be difficult to know just what to expect when you pursue one. FHL Texas provides important guidance for people who want to learn more about this kind of loan. In addition to providing a no-cost consultation, we provide helpful reviews and information to make sure this is a step you want to take. After confirming it will suit your needs, we can proceed to help you secure the right reverse mortgage for your retirement! (more…)