For many homeowners in North Texas, a significant portion of their net worth is tied up in their housing. While that can certainly be a more stable way to grow wealth than with some other options, it also means that when you need to access the capital, it can be tough. For those who have… Read more »
As real estate prices here in North Texas have risen, it’s made it tougher for some families to make the moves that they need to make. That has led to an increase in the number of older individuals who are choosing to remain in their home as they grow older, opting to avoid a retirement… Read more »
As more and more of our population ages, it’s important to take a look at what we’re doing to help older people navigate this shift. One of the ways that seniors are finding a more comfortable retirement is through the use of a HECM loan, which is a reverse mortgage that has the backing of… Read more »
If you’re like many in North Texas, then a significant portion of your net worth is housed in your housing. While that has historically been seen as a stable place to grow your family’s net worth, it can also become an issue, particularly for older Americans. With no sign that property taxes will come down… Read more »
If you are a homeowner and at least 62 years old, you may be eligible for a reverse mortgage or home equity conversion loan (HECM). This loan allows you to borrow money from your home equity as tax-free income, which can help you during retirement, home repairs, and other financial needs. This can be a… Read more »
Aging or retiring in place is a concept that is simple, yet can bring a positive way to live that is comfortable and convenient. This approach aims to help seniors to continue living in their home after retirement, rather than moving to a dedicated retirement community. While each direction has its own advantages and disadvantages,… Read more »
For many people in North Texas, a significant portion of their net worth is tied up in their own personal property. While this can certainly have its advantages, it can also mean that you do not always have access to capital when you need it, and that can make a real impact on the lives… Read more »
If you are like many Metroplex families, then a substantial portion of your net worth lives in your housing alongside you. While this certainly can have its advantages, it also means that you cannot tap that resource when you need it to enjoy retirement fully. If you have been thinking about your options to convert… Read more »
For many seniors, their primary asset is their home; while this has historically been a solid and stable investment, it can also mean limitations when you want to use your capital for a new investment such as another property or to use for your retirement. That’s why reverse mortgages were designed, helping those who have… Read more »
For many families in North Texas, their net worth is housed in their housing. While there are some benefits to this approach, it also means that these families are unable to access that capital when they need to make improvements around the home or make an important investment. For those who have reached the age… Read more »
