What is a Reverse Mortgage?

A Reverse Mortgage may be just the solution for homeowners 62 and over who are house rich and cash poor or looking to downsize or upsize to a new home. A Reverse Mortgage is a type of home equity loan that allows you to access the equity you have built up over the years or have available in a new purchase, while still keeping the title to the home in your name. This is all with no monthly mortgage payments and a simple financial assessment. Here are some other great reasons why a Reverse Mortgage may be the right product for you RIGHT NOW!

  • Your home's value may be the highest it's been in some time. NOW is the time to take advantage of the steady equity growth we have recently had.
  • If your home currently has a mortgage or home equity loan, the Reverse Mortgage will pay off that debt, plus any other debt you wish.
  • There is now a financial assessment on all borrowers to review their income, assets and liabilities to insure that future mandatory obligations (such as taxes, insurance, maintenance and HOA dues) continue to stay current. Click Here to learn more about the financial assessment.
  • You can take out a partial lump sum, take monthly installments, or set up a line of credit that continues to grow to take advantage of your home value rising.
  • Utilize the Reverse Mortgage for purchase program to downsize or buy your dream retirement home and save funds for a nest egg.


Please visit the Quick Links on the right and the Resource Library below for more information about Reverse Mortgages and feel free to contact me with any questions.

Melinda Hipp
Branch Manager/Reverse Mortgage Specialist NMLS #219085

 

Contact Melinda Hipp


                                Corporate NMLS #3035

Branch Address
17721 Rogers Ranch Pkwy.,
Ste. 215
San Antonio, TX 78258
Office 210-493-7332
Cell 210-602-2603
Fax 210-247-9413
mhipp@vandykmortgage.com


 

Melinda Hipp - Certified Reverse Mortgage Professional by the National Reverse Mortgage Lenders Association
Senior Loan Officer NMLS #219085
Operations/Underwriting Office
13577 Feather Sound Drive
Clearwater, Florida 33762

 
Corporate Address
2449 Camelot Ct SE
Grand Rapids, Michigan 49546
616-974-9244

 

Financial independence and freedom from debt are
just around the corner for you.
Take advantage NOW of this great opportunity and let Texas and Florida Reverse Mortgage Specialist, Melinda Hipp show you the way!

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