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        Legacy Mutual Mortage, Melinda Hipp, San Antonio Reverse Mortgage Specialist

      Pay Off Your Existing Mortgage With a Reverse Mortgage

      2526 N Loop 1604 West, Suite 150
      San Antonio, Texas 78248

      Request Information
Legacy Mutual Mortgage is an approved lender with both HUD and Fannie Mae and one of the few companies in Texas approved to process Reverse Mortgages (a process which is standardized for all mortgage companies throughout the U.S.).  When you choose to work with Legacy Mutual Mortgage you are able to take advantage of our vast resources as a mortgage broker.

Melinda Hipp is Legacy’s Texas Reverse Mortgage Specialist. With 10 years in the mortgage industry, Melinda has chosen to study, img1.giftrain and specialize in working with senior homeowners and their families to understand the Reverse Mortgage process.

Melinda holds a Bachelor’s in Music education from Texas Tech University and dual master’s MBA/MA from Southern Methodist University. She also holds the designation of CSA® (Certified Senior Advisor) and has developed the know-how and resources to be able to analyze, advise and recommend on all situations a senior may deal with in their retirement years.

Melinda is also an active member of the National Reverse Mortgage Lenders Association (NRMLA ), Texas Association of Mortgage Brokers (TAMB ), Senior Resource Alliance (SRA) and the National Aging in Place Council (NAIPC).

Pay off your mortgage!

One of the main uses of a Reverse Mortgage as an option is to pay off the existing mortgage. There is NO credit qualifying necessary. A reverse mortgage can give you access to a substantial amount of money without having to make monthly loan payments.

img12.gifYou can choose any combination of these options:
  • A lump sum to cover an unexpected expense or to help a family member
  • Money for home repairs or remodeling 
  • Monthly payments to yourself to supplement your income
  • A line of credit to draw on when needed
And, the tax-free money you receive will not affect your Social Security or Medicare benefits.
  • You keep title and ownership of your home.
  • You continue to pay property taxes and insurance.
  • The amount can go right up to your homes value.

A Reverse Mortgage can never cause you to lose your home or force you to move. The funds you receive not due until you sell or leave your home! The home itself - and it's equity - belongs to you and your heirs.

Melinda’s experience, knowledge and compassion will provide you with a trustworthy advisor to walk you step by step through the Reverse Mortgage process. For more information, please contact Melinda Hipp at (210) 492-4900 or complete our Request for Information form below.

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DISCLAIMER: Links to other websites or references to products, services or publications do not imply the endorsement or approval of such websites, products, services or publications by Elder Options of Texas. The determination of the need for senior care services and the choice of a facility is an extremely important decision. Please make your own independent investigation.