How a HECM Can Help You Go Green In Retirement



Retirement is around the corner, and you’re looking to update your home without blowing your budget.

So, what is the solution? Consider going green when choosing to remodel and using a Home Equity Conversion Mortgage (HECM), or reverse mortgage, to enjoy the best of both worlds.

A HECM, an FHA-insured loan for homeowners 62 and older, allows you to stay in your home while using the equity you’ve built up to pay for the latest energy efficient updates. Most importantly, you won’t have to move or downsize, and you’ll enjoy a market-ready home when the time does come to sell. So let’s take a look at how a HECM can help you go green in retirement.

Focusing on Efficiency is Efficient

Get the most out of your HECM by making a conscious effort to go green from top to bottom of your home. Find upgrades in any price range, and let the remodeling begin.

Start small with an energy audit to identify where to direct your efforts. One easy solution is with a programmable thermostat connected to a highly efficient air conditioning system. If you want to take a more drastic step to lowering your consumption, invest in solar panels installed on your roof to not only supplement your energy usage, but also lower your electric bill.

Costs add up in all types of ways, so a tankless water heater is a unique approach that will be a good investment. Tankless water heaters have the possibility of immediately cutting your energy bills by about 20 percent.

To find out more about how a Reverse Mortgage can work for you call Melinda Hipp , CRMP with Open Mortgage at 210-493-7332, email at or visit to learn more.

More about Melinda Hipp and Open Mortgage -

Melinda Hipp is Branch Manager with Open Mortgage|San Antonio and specializes in working with senior homeowners 62 and over who would like to access the equity in their home through a Reverse Mortgage. She has handled hundreds of satisfied Reverse Mortgage clients over the past ten years with many raving fans. She and her team are dedicated to giving you boutique service, a quick closing and personalized customer service.

Melinda regularly provides training to local real estate professionals and holds the designation of MBA, CRMP (Certified Reverse Mortgage Professional) and CMC (Certified Mortgage Coach.) Melinda is also an active member of NRMLA (National Reverse Mortgage Lender’s Association). An avid golfer, Melinda was a charter member of the San Antonio Chapter of the Executive Women’s Golf Association. She is currently a member of the National Reverse Mortgage Lender’s Association, Women’s Council of Realtors, San Antonio Board of Realtors, CRS and a board member of Golf San Antonio.

Melinda Hipp, CRMP | NMLS #219085

1870 W. Bitters Rd, Ste. 202
San Antonio, TX 78248
Office: 210-493-7332
Toll Free: 844-265-5513 | |

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