Texas Senior Care and Housing Directory
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Reverse Mortgage Lenders - Kerrville, TX

Home Equity Conversion Mortgages (HECMs)

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Reverse Mortgage Lenders Serving Kerrville, TX - A reverse mortgage is a loan available to homeowners, 62 years or older, that allows them to convert part of the equity in their homes into cash. The product was conceived as a means to help retirees with limited income use the accumulated wealth in their homes to cover basic monthly living expenses and pay for health care. However, there is no restriction how reverse mortgage proceeds can be used. The loan is called a reverse mortgage because instead of making monthly payments to a lender, as with a traditional mortgage, the lender makes payments to the borrower. The borrower is not required to pay back the loan until the home is sold or otherwise vacated. As long as the borrower lives in the home he or she is not required to make any monthly payments towards the loan balance. The borrower must remain current on property taxes, homeowners insurance and homeowners association dues (if applicable). To learn more about getting a Home Equity Conversion Mortgages (HECMs) loan contact the following reverse mortgage lenders.


Open Mortgage - Melinda Hipp, Senior Loan Officer - TX Reverse Mortgage

Open Mortgage - Melinda Hipp, Branch Manager


17721 Rogers Ranch Pkwy., Ste. 215 | San Antonio, TX   Map it! Map it!
Also serving the areas of Austin, Corpus Christi, El Paso, and Kerrville, TX. 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. Melinda Hipp is a Branch Manager with Open Mortgage in 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. Melinda is one of only 2 CRMP's (Certified Reverse Mortgage Professional) in TX designated by the National Reverse Mortgage Lending Association. She and her team are dedicated to giving you boutique service, a quick closing, and personalized customer service. NMLS #219085. Branch Office Address: 17721 Rogers Ranch Pkwy., Ste. 215 | San Antonio, TX 78258. MORE DETAILS >>


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