A Home Equity Conversion Mortgage (a reverse mortgage sometimes referred to as HECM) is often considered an avenue for high-equity homeowners to supplement retirement income without selling the home. However, the flexibility of a HECM can also offer funding to make critical improvements or cost-saving upgrades to the home.
Melinda Hipp - "Serving Texas Borrowers Since 1998"
Melinda Hipp and "The HippTeam" of Open Mortgage-San Antonio are here to earn the right to be your mortgage company for life. We want to simplify the mortgage process and help you achieve your financial goals by finding the right program to fit your individual needs.
Better is possible and it's our core belief. At Open Mortgage, we strive to bring you a better mortgage experience for all your life's big moments. We're committed to providing you unparalleled support, transparent communication, and a partnership built on trust.
If you're interested in speaking with me about a mortgage, please contact me at the number and email above or Toll Free at 844-265-5513. You can also learn valuable information and tips about Reverse Mortgages by visiting my other website TexasReverse.net
It’s an exciting time in your life. You’ve worked hard, you saved up — you’re considering buying your first home. But the road between first time homebuyers and the dotted line can be full of rookie mistakes. To help you spot these pitfalls before you’re in them, here’s three things to consider when going from homebuying to home owning for the first time.
If you or a family member is considering a Home Equity Conversion Mortgage, or HECM (also known as a reverse mortgage), you probably know that age is important; after all, FHA requires that borrowers be 62 years old to qualify.
But there are other reasons age matters,