Reverse Mortgage News

Reverse Mortgage Colorado Video Blog #1: What To Expect

This is my very first video blog. I am excited to start this video blog as a way to introduce you to myself and the world of Reverse Mortgages.

This is my very first video blog. I am excited to start this video blog as a way to introduce you to myself and the world of Reverse Mortgages. I look
forward to teaching about reverse mortgages and if you ever have any questions please feel free to reach out to me.

Bruce Simmons

I absolutely love what I do - working with senior homeowners to help them live a more comfortable, flexible and secure retirement. I have the absolute best customers in the world, and even though I worked in the forward mortgage business for a number of years, I could never go back to doing conventional loans. I'm a 100% reverse mortgage specialist.

HECM LOC vs HELOC

When homeowners consider tapping the equity in their home, they typically think about refinancing their current mortgage in a cash out refinance, or a traditional home equity line of credit, (HELOC). However, if one of the homeowners is 62 or older, there is a third option that needs to be considered – the FHA insured Home Equity Conversion Mortgage (HECM).