The Sandwich Generation


On the way to dropping your child off at soccer practice, your mind wanders to your to-do list for the next day, which looks something like this: pick up your mother’s medication, help make her next doctor’s appointment, and work with your eldest daughter to fill out college and scholarship applications. That’s in addition to your day job, where an important project requires all of your brainpower from 9 a.m. to 6 p.m. It’s a position that can feel overwhelming, and for more and more Americans, it’s a challenging reality.

According to the Pew Research Center, “Nearly half (47%) of adults in their 40s and 50s have a parent age 65 or older and are either raising a young child or financially supporting a grown child (age 18 or older). And about one-in-seven middle-aged adults (15%) is providing financial support to both an aging parent and a child.” The “Sandwich Generation” refers to adults taking care of their aging parents and raising young kids at the same time. Providing financial support for extended family can take a toll on this generation of adults who may already be struggling with their financial futures.

A HECM Could Help

For many older Americans, their greatest source of wealth is in the equity they have in their homes. For those on a fixed income, the ability to tap into this money via a Home Equity Conversion Mortgage (or HECM, also known as a reverse mortgage), could be the best option for older borrowers and their adult children. An extra influx of cash from a HECM could help families pay for things like home health aide and household expenses, or even go towards grocery and driving services.

How Does it Work?

To qualify for a HECM, your parent must be a homeowner 62 years or older, own their home and continue to live within the home. While borrowers are expected to continue paying property taxes, insurance payments and HOA dues if applicable, they do not have to pay back the loan as long as they live in the house and comply with the terms of the mortgage. The home title and ownership stays in the family and will pass to the heirs upon death, and then the loan must be repaid.

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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