There is a fixed age requirement to qualify for a reverse mortgage—before you can apply, everyone whose name is on your home title needs to be at least 62. With that said, you may have already reached this age, but you can still feel as though you are not at the point in your life… Read more »
Avoiding Reverse Mortgage Misinformation
Do you really have the right idea about reverse mortgages? Myths around what they “actually” require can lead eligible borrowers to miss out on important financial support as they near retirement age. Fortunately, you can count on FHL Texas to clear up misinformation and provide more details on what these loans can actually do for… Read more »
Using A Reverse Mortgage Line Of Credit
The savings you build up over time help you with key milestones in your life. From practical matters like home ownership to helping pay for a child’s education to more fun plans like a dream vacation, your accumulated funds help you in many ways. As you near retirement age, you can look forward to one… Read more »
Is This The Right Time To Secure A Reverse Mortgage?
What does a reverse mortgage offer homeowners aged 62 and older? Answers can vary based on what information people have, their current home value, and their retirement plans. For the right people, this kind of loan opens up welcome opportunities to enjoy better support for retirement. Accessing equity can give you more money at an… Read more »
Understanding Reverse Mortgage Terms
If you are unclear about reverse mortgages, you are not alone. You likely haven’t heard about them until quite recently, and there is absolutely nothing wrong with this; because you are not eligible for one until you are 62, they have likely been off your radar for most of your life. When you and many… Read more »
The Pros And Cons Of Reverse Mortgages
Reverse mortgages can be very helpful for those who need to free up spendable funds during their retirement. They also have a bad reputation in the minds of many. Because of this, it is important to educate yourself as much as possible in order to sift through common myths in the pursuit of facts. Once… Read more »
Use A Reverse Mortgage To Buy Your Next Home
In a previous blog post, we discussed the various ways you can use reverse mortgages to help fund your retirement. In today’s blog, Family Home Loan Texas goes more in-depth describing how this type of mortgage can specifically help you buy your next home.
What Is A Reverse Mortgage?
You’ve probably heard the term “reverse mortgage” quite a bit, but you might not fully understand what it is and how you can benefit from it. Don’t fret, though, because we have you covered. In today’s blog, Family Home Loan Texas discusses everything you need to know about this helpful loan.
Ways You Can Use a Reverse Mortgage
You have probably heard the term “reverse mortgage” quite a bit, but you might not have a full grasp of what it entails. Essentially, it is a way for you to free up spendable income by leveraging the equity you have in your house. If you are aged 62 years or older and have paid… Read more »