Out with the old, and in with the new. It’s the mantra of spring cleaning, and it’s not just relegated to boxes of unused items stored in the garage. With the warmer summer months right around the corner, homeowners should ensure their homes are sealed and as energy efficient as possible. Some repairs are simply DIY projects, but others require hiring professionals. Using a Home Equity Conversion Mortgage (HECM) can help fund these projects.
With a Reverse Mortgage, the homeowner can withdraw some of their equity as part of a reverse mortgage program to spend as they see fit. Here are some smart ways to put that money to good use and keep up with your home maintenance.
On a cold day, stand inside your house and place your hand over the edges of the front door. If you feel a stream of cold air rushing in, you’re losing heat in the winter and cool air in the summer. Replacing old weather stripping on doors and windows can make a huge difference in heating and cooling costs. Don’t forget to check the caulking around doors and windows. It degrades over time, and a fresh line helps seal your home.
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Do you have single pane windows? Consider replacing them with the double paned variety. The air-filled space between the two panes works as a barrier to trap summer’s heat and winter’s chill from reaching your home. Switching to double pane windows or glass doors can save you 18% in the summer months (and about 24% in the winter).
You should be using and regularly replacing properly sized, high quality filters, for optimum performance. It’s amazing how much dust and dander a filter accumulates, especially for those with pets. Keeping it free of build-up will ease your A/C’s load when trying to cool a house in 90-degree weather. Most units recommend changing filters every 30-90 days; 30 for those with pets or allergies and 90 for those without.
Your outdoor unit should be kept free of debris, like falling leaves or twigs. Check for weeds or grass growing too close or vines snaking their way into the unit. Laying a rock bed or stepping stones around the unit are a good way to protect it.
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Most HVAC pros offer bi-annual checkups for both indoor and outdoor units. This service keeps them running at peak efficiency and could catch a smaller problem before it turns into a bigger one. A service worker will come out before summer and winter for preventative maintenance visits. They will often change your filter, check your freon and air pressure, clean both units and make any necessary adjustments. Something else to consider—if your unit is not being serviced twice a year, it could void your manufacturer’s warranty.
Draft proof your garage with a seal kit made specifically for garage doors. Seal around ductwork and pipes to keep hot air out and cool air in. Caulk the cracks under your roof overhang.
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Get a professional energy audit. In the winter, a poorly insulated attic can add up to 25% of your total heat loss. In the summer, ducts in the attic swelter in the heat and can pull in air of 140 degrees, making your system work much harder at cooling. A pro may suggest upgrading insulation quality or fixing leaks where air is escaping.
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
firstname.lastname@example.org or visit texasreverse.net 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
Toll Free: 844-265-5513