Updated Reverse Mortgage Consumer Guide Available

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If you’ve been receiving this newsletter long enough, you may recall that in 2009 I introduced a handout that I named the “Colorado Consumer Guide to Reverse
Mortgages”.

However, with all the changes that HUD intro-duced to the Home Equity Conversion Mortgage program, The Consumer Guide quickly became obsolete.

With the introduction of Financial Assessment now under our belt, and assurances from HUD that they wouldn’t be making any major chang-es anytime soon,
I figured now would be good time to introduce an updated version of the “Colorado Consumer Guide to Reverse Mortgages”.

The highlights of the updated divided into three sections

  1. The Basics
  2. Special Reports
  3. Miscellaneous

The Basics

This portion discusses what a reverse mortgage is and how it works. It compares reverse mortgages to traditional mortgages, discusses different interest
rate and program options as well as closing costs and the actual process of getting a reverse mortgage.

Special Reports

In this section, I have put together articles that I have written in the past to help inform and educate people about a number of specialized topics including,
seven mistakes to avoid when choosing a lender, misconceptions about reverse mortgages, how to use a reverse mortgage to buy a home and even when not
to get a reverse mortgage.

Miscellaneous

This section has an expanded FAQ portion as well as two full pages of mortgage definitions to help you understand what you are reading. I also included
a page on how to proceed to find out if a reverse mortgage is right for you.

I would love to send the updated Colorado Consumer Guide to Reverse Mortgages to you with absolutely zero commitment on your part. Please feel free to
call me at 303-467-7821 for a free copy of this guide or send an e-mail to me at bruce@almortgageinc.com.

I will be glad to answer any of your question or just send you the guide.

Bruce Simmons

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.

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Reverse Mortgage Guide

Free Reverse Mortgage Guide

This 28-page Consumer Guide will help you make and informed decision whether a reverse mortgage is right for you.