In recent years Austin, Texas has become an increasingly popular retirement destination. Part of the reason for its growing popularity among retirees is that there are so many activities to keep active seniors engaged. Of course, Austin is considered the live music capital of the world, so there is always a great show to see. Other attractions that contribute to the robust cultural Austin scene include museums, art galleries, and fantastic restaurants.
As in most popular retirement destinations, the climate is mild to warm which naturally encourages outdoor activities. Of course one of the most popular outdoor activities for active seniors to participate in is gold. In fact, Austin not only boasts a huge number of great golf courses, it also home to the oldest golf course in the state–the Hancock Golf Course.
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Austin is home to a number of colleges, which is actually very beneficial to the senior population because, as with most college cities, the health care in Austin is top notch. However, housing in the area is not what most people would consider cheap. This can present a problem for seniors who live in Austin and wish to remain there for retirement. It can be tough to pay for mortgage, property taxes and necessary maintenance. However, for homeowners age 62 and older there is a great resource that will allow them to age-in-place in the city they know and love. That resource is called a reverse mortgage.
A reverse mortgage is a unique financial tool that allows homeowners age 62 and up to tap into the equity of their home. Contrary to popular belief, getting a reverse mortgage does not mean that you lose ownership of your home and it enables the seniors to remain living in the home the know and love. However, there are important details about the reverse mortgage product and process that means that it is extremely important to discuss the option with someone who is familiar with reverse mortgages. A great resource for this is the Reverse Mortgage Specialists at FirstBank Austin. The team of Reverse Mortgage Specialists at FirstBank will explain everything you need to know about reverse mortgages, help you decide if one is truly in your best interest, and if it is they will walk you through the entire process.
FirstBank is a 107-year-old FDIC insured bank. It is a long-standing member of the Better Business Bureau where it holds an A+ rating. FirstBank is also a subscribing member of the National Reverse Mortgage Lenders Association (NRMLA), and an approved direct lender with the US Department of Housing and Urban Development (HUD).
Learn more by calling the Reverse Mortgage Specialists at FirstBank Austin today!