Reverse Mortgage Radio

In this episode of Reverse Mortgage Radio, hosted by Bruce Simmons, we delve into the critical importance of securing a reverse mortgage before facing life-altering events such as a spouse's death or severe illness. Discover why waiting until after a spouse has passed away can make it significantly harder to qualify due to lost income and how having a reverse mortgage in place early can provide es...

Welcome to the Reverse Mortgage Radio show with your host Bruce Simmons, a seasoned reverse mortgage professional in Colorado. In this episode, Bruce is joined by guest Brady Mullen, a former financial advisor turned m ortgage loan offi cer, as they explore the intersection of real estate decisions and personal finances. They delve into the underutilized aspect of financial planning, focusing on l...

In this episode of Reverse Mortgage Radio, host Bruce Simmons dives deep into how reverse mortgages can provide financial benefits for homeowners aged 62 and above. Learn how converting home equity into tax-free cash can eliminate monthly mortgage payments, increase your monthly income, and offer a unique way to fund your retirement. Bruce is joined by special guest Brady Mullen, a seasoned financ...

In this episode of Reverse Mortgage Radio, host Bruce Simmons dives deep into the question on everyone's mind: Is a Reverse Mortgage Really Worth It? Join us as we explore the benefits and drawbacks of reverse mortgages, providing you with a balanced view to help you make an informed decision. Bruce breaks down key points of consideration such as cash flow importance, closing costs, and the signif...

In this episode, we delve into the captivating evolution of reverse mortgages, tracing their journey from the untamed 'Wild West' days to today's more structured and secure landscape.  Discover how these financial tools began as a niche solution for homeowners in need and transformed through pivotal regulatory changes before and after the introduction of financial assessments.  We'll debunk myths...

In this episode, we tackle the pressing question faced by many homeowners aged 62 and above: Should I wait to get a reverse mortgage, or do it now? We delve into the critical factors that influence this decision, such as how advancing age can increase the loan amount you qualify for and how your home's rising value could mean more money in your pocket. However, it's not just about age and property...

Join Bruce Simmons on Reverse Mortgage Radio as he guides retirees through the financial maze of their golden years. This episode is packed with insights and advice to help you stay afloat amidst economic uncertainties: Understanding Inflation: Learn how persistent inflation can impact your retirement savings and what steps you can take to protect your purchasing power. Managing Expenses and Inter...

In this insightful episode of Reverse Mortgage Radio, host Bruce Simmons engages in a thought-provoking conversation with Rachael Van Pelt, a real estate attorney with a unique background in health and longevity science. Together, they delve into the interplay between lifestyle longevity and real estate, offering valuable perspectives on how to live better lives for longer. Tune in to discover: Th...

In this insightful episode of Reverse Mortgage Radio, host Bruce Simmons simplifies the complex world of reverse mortgages by focusing on four essential questions you must consider.  First, Bruce discusses what you should expect a reverse mortgage to do for you and whether it aligns with your financial goals.  Next, he delves into the qualifications needed for a reverse mortgage, including age and...

Join Bruce Simmons, Colorado's first Certified Reverse Mortgage Professional (CRMP), on Reverse Mortgage Radio as he delves into the flexible payout options available with reverse mortgages based on an article from Moneywatch/CBS News titled " Which reverse mortgage payout option is best " by Joshua Rodriguez published on March 28. 2024. Bruce discusses how homeowners can mix and match payout opti...

In this insightful episode of Reverse Mortgage Radio, host Bruce Simmons, Colorado's first certified reverse mortgage professional, delves into the nuances of Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages.  Bruce explains the consumer protections associated with FHA-insured loans, such as mandatory independent counseling, and contrasts them with proprietary loans, whic...

Join us on Reverse Mortgage Radio as host Bruce Simmons, Colorado's first certified reverse mortgage professional, delves into the insightful Kiplinger Magazine article Should I Get a Reverse Mortgage? Six Questions to Ask First.  Bruce will dissect the key points and provide expert analysis of the considerations and questions potential borrowers should ponder before deciding on a reverse mortgage...

Welcome to a brand-new episode of Reverse Mortgage Radio, where your financial curiosity meets clarity. I'm your host, Bruce Simmons, the Reverse Mortgage Professor himself! Today's show is a treasure trove for homeowners aged 62 and over. We're diving deep into the world of reverse mortgages—unraveling the mysteries, debunking myths, and laying out all the facts. From FHA-insured loans to proprie...

Welcome to a new episode of Reverse Mortgage Radio, where your golden years shine brighter! Join us as we dive into the world of Home Equity Conversion Mortgages with Colorado's first Certified Reverse Mortgage Professional, Bruce Simmons. Today, we're unlocking the secrets behind the HECM for Purchase program and debunking common myths that could be holding you back from a dream retirement. Say g...

Welcome to today’s episode where we dive into the world of reverse mortgages. We’ll explore the key factors to consider, including the impact of rising interest rates on the loan-to-value ratio and how it affects borrowing potential. In this episode, Bruce Simmons, the reverse mortgage expert discusses the uncertainties of future interest rate trends and offers valuable advice on managing mortgage...

Welcome to the latest episode of Reverse Mortgage Radio, where we're diving into a game-changing strategy for homeowners 62 and older. Imagine tapping into your home's equity without the burden of monthly repayments—sounds like a dream, right? But it's not just wishful thinking; it's called a Reverse Mortgage, and it could be your ticket to a more secure retirement. Today, we'll explore how Revers...

Welcome to the latest episode of Reverse Mortgage Radio, where we delve into the world of reverse mortgages and how they can be your golden ticket to a stress-free retirement. Imagine living in your dream home, without the burden of monthly mortgage payments, all while accessing the equity you've built up over the years. Sounds too good to be true? Well, it's not just a dream for homeowners 62 and...

Welcome to another episode of Reverse Mortgage Radio, where we're unlocking the secrets to a financially secure retirement. If you've ever wondered how to tap into your home's equity without the burden of monthly payments, this is the show for you. Join us as we explore the world of reverse mortgages—a misunderstood financial tool that could be your ticket to a worry-free retirement. Today, we'll...

Welcome to a brand new episode of Reverse Mortgage Radio, where we dive into the transformative world of reverse mortgages! Are you 62 or older and dreaming of a financially free retirement? Join us as we explore how tapping into your home equity with a reverse mortgage can turn those dreams into reality. Say goodbye to the burden of traditional mortgage payments and hello to a life filled with po...

Welcome to the latest episode of Reverse Mortgage Radio, where your host, Bruce Simmons, the Reverse Mortgage Professor himself, demystifies the world of reverse mortgages! Are you 62 or older and curious about innovative ways to fund your golden years? Dive into this week's show as we explore how tapping into your home equity could be the key to a secure and prosperous retirement. Forget what you...

Welcome to a fresh episode of Reverse Mortgage Radio with your host, Bruce Simmons, Colorado's first Certified Reverse Mortgage Professional. Today we're diving into the golden opportunities that reverse mortgages offer for those 62 and above looking to bolster their retirement funds. Imagine transforming your home equity into a financial lifeline without the burden of monthly mortgage payments. I...

️ Welcome to a brand new episode of Reverse Mortgage Radio with your host, Bruce Simmons!  Are you ready to retire in style and put your house to work for you?  This week, we're peeling back the layers on reverse mortgages. We'll tackle the most frequently asked questions, bust myths, and reveal how Colorado homeowners like you can use their home equity to fund a dream retirement. Whether you're c...