Reverse Mortgage Radio

Podcast
May 18, 2024
Understanding The Real Value and Risks of Reverse Mortgages
In this edition of Reverse Mortgage Radio, host Bruce Simmons delves into the advantages of reverse mortgages for homeowners aged 62 and older. Discover how transforming home equity into tax-free funds can eliminate monthly mortgage payments, boost your income, and offer a unique way to support your retirement.

Bruce is joined by special guest Brady Mullen, a seasoned financial expert with vast experience in real estate and mortgage planning. Together, they debunk common misunderstandings about reverse mortgages and explore strategies to maximize benefits while minimizing risks. They also discuss key considerations, such as the impact on inheritance and eligibility for other government programs.

Among the topics covered are:

  • Understanding how reverse mortgages function and their potential financial advantages
  • Strategies for converting home equity into tax-free funds
  • Recognizing the importance of comprehending tax implications
  • Managing the increasing loan balance over time
  • Addressing misconceptions about home ownership with a reverse mortgage
Listen now to make well-informed choices regarding your financial security!
May 11, 2024
A man in a suit stands next to text that reads "Is a Reverse Mortgage Really Worth It? Exploring the Pros and Cons for Your Financial Future." Hosted by Bruce Simmons. Includes logo for "American Liberty Mortgage.
Join host Bruce Simmons in this episode of Reverse Mortgage Radio as he delves into the question that’s on everyone’s lips: Is a Reverse Mortgage Really Worth It?

We will explore the advantages and disadvantages of reverse mortgages, offering a well-rounded perspective to assist you in making an educated decision.

Bruce will dissect crucial factors to consider, such as the importance of cash flow, closing costs, and the value of owning your home outright.

He will provide tailored examples for various financial scenarios, demonstrating how a reverse mortgage can be a game-changer for some individuals while not being a suitable option for others.

Tune in to gain practical insights that could revolutionize your retirement planning. Whether you are interested in estimating the potential funds from your home or seeking clarity on FHA-insured loans, this episode is brimming with valuable insights. Don’t miss this opportunity—listen now and take charge of your financial future!
May 4, 2024
Misunderstood Mortgages: The Reasons For The Enduring Negative Perception Of Reverse Mortgages
This episode explores the intriguing evolution of reverse mortgages, highlighting their transition from the unregulated ‘Wild West’ era to today’s more organized and secure environment. Learn how these financial products initially served as a specialized solution for homeowners in financial need and evolved through significant regulatory adjustments before and after implementing financial assessments.

We will dispel common misconceptions that have obscured public perception and shed light on why reverse mortgages are now seen as a more reliable option for retirement funding.

Follow us as we delve into the historical development that has led to current practices, demonstrating how reverse mortgages have become a viable choice for many older individuals.

Dive into this comprehensive examination of a widely misunderstood yet potentially transformative aspect of personal finance—tune in to gain a complete understanding!
April 27, 2024
Navigating the Reverse Mortgage Timing Dilemma
In this episode, we discuss whether homeowners aged 62 and above should wait to get a reverse mortgage or proceed now. We explore key factors like age affecting loan amount eligibility and property value impacting potential funds. We also touch on the implications of maintaining current mortgage payments. We highlight the risks of delaying, such as higher interest rates limiting borrowing capacity, and the advantages of early action, like a growing credit line. By understanding these points, you can decide if accessing funds now matches your financial objectives or if waiting could lead to better outcomes. Tune in for valuable insights that can influence your retirement strategy and make use of our free reverse mortgage guide for confident decision-making.
April 20, 2024
Unlocking Retirement Stability: Expert Insights on Retirement, Debt, and Home Equity
Listen to the latest episode of Reverse Mortgage Radio with Bruce Simmons as he helps retirees manage finances in retirement. Gain insights on inflation, managing expenses, tax efficiency, personal finance anecdotes, reverse mortgages, and risks of negative amortization.
April 13, 2024
Revolutionizing Retirement: How Lifestyle Longevity and Real Estate Investment Intersect
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.
April 6, 2024
Is A Reverse Mortgage Right For You
In this informative episode of Reverse Mortgage Radio, host Bruce Simmons simplifies the intricate world of reverse mortgages by focusing on four key questions you should keep in mind.

Initially, Bruce talks about the expected benefits of a reverse mortgage and how it fits into your financial objectives.

Following that, he explores the eligibility criteria for a reverse mortgage, such as age and home equity prerequisites.

Bruce then explains the various expenses linked to reverse mortgages, spanning from initial charges to ongoing fees.

Lastly, he discusses the implications when the loan becomes due, a critical aspect for both you and your heirs.

With over two decades of specialization in reverse mortgages, Bruce provides the clarity and expertise needed to make an informed decision. Tune in to demystify reverse mortgages and discover if they’re the right financial move for you.
March 30, 2024
Reverse Mortgage Payout Options

Tune in to Reverse Mortgage Radio with Bruce Simmons, Colorado’s pioneering Certified Reverse Mortgage Professional (CRMP).

In this episode, Bruce explores the various flexible payout choices offered by reverse mortgages, drawing insights from an article titled “ “Which reverse mortgage payout option is best” by Joshua Rodriguez, featured on Moneywatch/CBS News on March 28, 2024.

Discover how homeowners can customize their payout options or modify them over the loan’s duration to provide financial assistance to seniors through leveraging home equity.

Bruce also sheds light on how a reverse mortgage can help relieve the burden of monthly payments in the face of persistent inflation affecting fixed incomes. Lastly, learn about an innovative credit card that revolutionizes home equity access during the show.

March 23, 2024
Comparing HECM and Proprietary Reverse Mortgages
In this informative segment of Reverse Mortgage Radio, Bruce Simmons, Colorado’s first certified reverse mortgage expert, explores the intricacies of Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages.

Bruce discusses the safeguards provided by FHA-insured loans, such as obligatory independent counseling, and compares them to exclusive loans, which provide advantages like no mortgage insurance but have higher interest rates.

He also discusses the impact of accessory dwelling units (ADUs) in Denver and their connection to reverse mortgages.
March 16, 2024
Exploring the Viability of Reverse Mortgages
Tune in to Reverse Mortgage Radio with Bruce Simmons as he explores the informative Kiplinger Magazine article “Should I Get a Reverse Mortgage? Six Questions to Ask First.” Bruce will break down the main points and offer expert insights on the important factors and inquiries that prospective borrowers should consider before opting for a reverse mortgage. Whether you are thinking about this financial step or aiming to enhance your financial knowledge, this episode is a valuable asset.
March 9, 2024
Unlock the secrets of leveraging your home equity in retirement with expert advice and insights on reverse mortgages for seniors over 62.
Welcome to the latest edition of Reverse Mortgage Radio, where we aim to provide clarity to your financial queries. I am Bruce Simmons, also known as the Reverse Mortgage Professor, your host for today’s show. This episode is tailored for homeowners who are 62 years and older. We will be delving deep into the realm of reverse mortgages, demystifying common misconceptions and presenting all the essential information. Whether it’s about FHA-insured loans or unique programs, we will discuss how you can access your home equity without parting ways with your cherished dwelling. Whether your goal is to bolster your retirement income or handle unforeseen expenses, this episode guarantees valuable insights that could revolutionize your retirement years. Join us as we examine the benefits, address potential downsides through practical examples, and offer expert guidance. Always remember: knowledge is key to making well-informed decisions for your future. Stay tuned for an enlightening discussion!
March 2, 2024
Navigate the Myths and Realities of HECM for Purchase
Welcome to the latest installment of Reverse Mortgage Radio, where we illuminate your retirement years! Delve into the realm of Home Equity Conversion Mortgages (HECM) with Colorado’s pioneering Certified Reverse Mortgage Professional, Bruce Simmons. Today, we will demystify the HECM for Purchase program and debunk prevalent misconceptions that might hinder your ideal retirement. Bid farewell to monthly mortgage obligations and welcome financial independence. Are you prepared to revolutionize your perception of reverse mortgages? Tune in now and arm yourself with valuable knowledge for a secure future.

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5.0

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!

Gerald Cook
Gerald Cook
5.0

Bruce did our original reverse mortgage and has also refinanced it twice. He works hard to get the best deal possible while making it as easy for us as possible. When our first refinance received a low initial appraisal, Bruce helped the appraiser find better information and increase the appraised value. He's the best.

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!

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Reverse Mortgage Guide

Reverse Mortgage Guide

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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John Addante
John Addante

Left us a 5 star review

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!