A HECM is not just a loan. In the right hands, it can become a financial planning tool and a tax planning tool. I understand why that idea may sound surprising. Many people first hear about a reverse mortgage when they are already facing a financial shortfall. But a Home Equity Conversion Mortgage can also
The HECM as a Planning Tool: 3 Strategies for Retirement Income, Care Costs, and Taxes Read More »
When the Federal Reserve raises rates, my phone usually starts ringing. This week, the Fed raised rates by a quarter of a percentage point. It was the first increase since 2023, and officials signaled that another increase could come before the end of the year. That led many homeowners to ask me: “Did I miss
When you start researching reverse mortgages, you may hear mostly about the FHA-insured Home Equity Conversion Mortgage, or HECM. That is the program I discuss most often. But proprietary reverse mortgages deserve attention, too. A proprietary reverse mortgage is a private, non-FHA loan offered by an individual company. I have completed more proprietary reverse mortgages
HECM vs. Proprietary Reverse Mortgages: Which One Is Right for Your Colorado Home? Read More »
Have you heard that reverse mortgages are expensive? I have heard that question throughout my 23-year career in reverse mortgages. It is a fair question, especially when you are carefully protecting your retirement savings and home equity. But before we call any mortgage “expensive,” we need to compare it with something similar. A traditional forward
Are Reverse Mortgages Expensive? The Real Cost Breakdown, Bucket by Bucket Read More »
There is one important retirement question that almost nobody answers on purpose: Should I stay in my current home as I age, or should I move? I understand why this question can feel uncomfortable. Your home may hold decades of memories, friendships, routines, and family history. At the same time, the house that served you
Perhaps you have heard concerns about Social Security, market downturns, or rising retirement expenses. Perhaps you are wondering how long your savings will last if taxes, insurance, utilities, and home repairs continue to increase. I understand why these issues can keep you up at night. I am not an alarmist, and I do not believe
3 Ways a Reverse Mortgage Can Build Real Financial Security in Retirement Read More »
When I talk with Colorado homeowners about retirement, I often hear the same concern: “I thought I had enough money, but everything costs so much more now.” I understand why you may feel that way. A retirement account balance that looked comfortable five or six years ago may not provide the same security today. Housing,
If you are thinking about buying, selling, or downsizing in the Denver Metro area, you may have noticed that the market feels different than it did a few years ago. Homes are not moving at the same frantic pace. Buyers have more opportunities to compare properties. Sellers need to pay closer attention to pricing and
Hello, and welcome. My name is Bruce Simmons. As the reverse mortgage manager for American Liberty Mortgage here in the Denver-Metro area, I have spent nearly two decades helping retirees navigate the ins and outs of home equity. If you are currently managing a fixed retirement income, keeping up with home maintenance, and wondering how
3 Essential Questions Every Colorado Senior Should Ask Before Getting a Reverse Mortgage Read More »
When you sit down to consider a reverse mortgage for your retirement, I know that your mind doesn’t naturally jump to interest rates, amortization schedules, or payout options. Instead, your very first thoughts revolve around safety and security. Perhaps you have come across questions like: Can I lose my home? Will my children inherit crushing
6 Consumer Protections Built Into Every HECM Reverse Mortgage (And Why They Matter) Read More »
Unlock the secrets to a more secure retirement with our exclusive Consumer Guide! Discover if a reverse mortgage is your golden ticket to financial freedom and comfort in your later years.
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My wife and I are retired and had a mortgage that was quite high. We contacted Bruce regarding a Reverse Mortgage and were pleased with his knowledge and experience. He made the whole process very easy and explained everything along the way. Since then, I have had a couple of questions and contacted him regarding the RM. Bruce has always been very responsive and returned our calls within minutes. We couldn't be happier having used Bruce for the Reverse Mortgage and highly recommend him.
Bruce has been serving my interest over and above what one might expect during the whole process of handling my reverse mortgage dating back to 2010 and continues to be available at present whenever a question may arise. He is one of the most reliable, trustworthy and knowledgeable experts regarding reverse mortgages that I have had the privilege to do business with! I would highly recommend Bruce to anyone who is considering a reverse mortgage. Thank you Bruce!
I met Bruce from a referral who just love what he did for them on their Reverse Mortgage, So I contacted Bruce and told him my story and he came up with a great Reverse Mortgage for me and my needs and now I am living good and not worrying about Finances anymore. He had it done in a timely manner. If you are looking for the MAN to help you get the best Reverse Mortgage you need to call him and hope you let him help you.
Bruce is one of the most professional, knowledgeable and efficient experts I have worked ŵith ever in any field. He is fast to answer and always ready to help...and he's a great guy!
I was hesitate about getting a reverse mortgage until Bruce Simons put my mind at rest. He is easy to work with, extremely knowledgeable and efficient. Things get done and he will make sure that you understand every part of the process. I interviewed several other people and he was hands down.....The only choice.
Doing a Reverse Mortgage is a major decision, when working with Bruce he came out personally to go over every thing in detail, there was no pressure to finalize the transaction, I had even put the loan on hold for awhile even though I had locked in my rate, I had called Bruce off and on for a few weeks to ask questions that I had concerns about and he was always available to talk to me. In the end it gave me time to feel comfortable about my decision to move forward with the Reverse. Bruce was very pleasant to work with and would certainly recommend Bruce if you are going to consider a Reverse Mortgage.
Bruce Simmons at American Liberty is one of the best in the reverse mortgage industry. I have known and worked with him for years and he always does a great job. You are in good hands with Bruce and know that he will take good care of you or your loved ones every step of the way.
Best thing I ever did! Bruce Simmons at American Liberty Mortgage is the best. He is always there to answer your questions, and can easily explain the whole idea of a Reverse Mortgage. He takes the time and goes through the entire process with you. It worked out so well for me. Thank You Bruce!
We had researched Reverse Mortgages for 5 years and after hearing about Bruce Simmons and meeting with him, we finally decided to move forward with the Reverse Morgage. It has been over a year now and we are still very pleased with our decision. We think Bruce is very professional, knowledgeable and honest. Thank you, Bruce, for all your help.
I first met Bruce Simmons 2017. I found him on the internet. I was looking for someone local. I called him and explained I was only looking into doing a reverse mortgage, so I did not want him to think this was something I was ready to do. Bruce was friendly, very open about the basics of a reverse mortgage. Bruce came to my home and presented the figures and other details that he could offer. The first thing that impressed me was this was not a hard sell, more of a informational meeting. He was very open about all of the details, and answered my questions without hesitation. What really was evident was he was establishing a relationship with me, and I realized he knew I would not take the loan at that time. There was not enough equity in my home, and I would have to bring money to the table. Although I was not ready to do a loan, Bruce assured me he is always available for questions. Four years later, I finally did do a reverse mortgage, and I couldn't be happier with having done it. I have done away with a mortgage payment which allows me to fund my retirement account with that mortgage payment. We did some much needed landscaping with our cash out transaction, and will move on to improvements inside of the house. My reverse mortgage has a line of credit, and I feel sense security knowing it is there if I need it. Bruce explained that a reverse mortgage is not for everyone, but I feel certain that he paved the way for a strategy that worked for me. I will definitely do a refinance when the time is right. I will check in with Bruce to be sure what the benefits are when I do it again.
I have worked with Bruce Simmons for 15 years. Bruce is one of the best in the industry. He is extremely knowledgeable, kinds and detailed in what he does. His clients love working with him and trust him to help them with their Reverse Mortgage loans. I would recommend Bruce to anyone I know that is thinking about or wanting to do a Reverse Mortgage. He will always take very good care of the customers and make sure their needs are met! Class act and one of the best in the industry by far!
