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Colorado’s First Certified Reverse Mortgage Specialist  - (303) 467-7821

Reverse Mortgage Blog

Reverse Mortgage Funding Heloc Challenge

Bruce Simmons - July 20, 2017
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What Happens to My Home When the Reverse Mortgage Comes Due?

Bruce Simmons - May 09, 2017
What Happens to My Home When the Reverse Mortgage Comes Due?

Some homeowners have preconceived notions about reverse mortgage loans. For example, they fear that once they get their reverse mortgage the bank owns the home, or the bank takes their home when they pass away. Of course neither of these is true. Here’s what you need to know about what happens to your house during and at the end of a reverse mortgage.  ..

Reverse Mortgage FAQ - What You Need To Know About HECM Reverse Mortgages

Bruce Simmons - April 05, 2017
Reverse Mortgage FAQ - What You Need To Know About HECM Reverse Mortgages

Reverse mortgages are the most misunderstood loan program in the market today.  The FHA insured reverse mortgage, called the Home Equity Conversion Mortgage (HECM), is by far the most popular reverse mortgage..

How Do Rising Interest Rates Affect Reverse Mortgages?

Bruce Simmons - April 04, 2017

Last month the Federal Reserve raised the federal funds rate for the third time in just over a year. There is talk among some economists that they will raise it another two to three more times in 2017. ..

How a Reverse Mortgage Specialist Increases Retirement Savings and Income

Bruce Simmons - March 10, 2017
How a Reverse Mortgage Specialist Increases Retirement Savings and Income

Based on a 2013 survey of the Board of Governors of the Federal Reserve System, around 31% of Americans said they had zero retirement savings and lacked a defined-benefit (DB) pension plan. Such a scenario is extremely stressful for people looking to retire by the time they hit their 60s. ..

How much money can you get from a reverse mortgage?

Bruce Simmons - March 07, 2017
How much money can you get from a reverse mortgage?

Paying bills and owning a home is an inevitable part of being independent. However, when you reach a certain age, you can allow the equity in your home to work on your behalf. Most people have heard about a reverse mortgage, but there are often many questions and some apprehension regarding this untypical form of a mortgage. Given the right circumstances, this type of mortgage can be very beneficial for you and your family. Let’s start with the basics to help you further understand how an arrangement like this works and how much money you can expect to receive.  ..

Two Common Myths of Reverse Mortgages

Bruce Simmons - February 14, 2017

I’ve been specializing exclusively in reverse mortgages for over 14 years and it is easy for me to forget that a whole lot of people still don’t understand how they work. Most of the people that I talk to on a daily basis have heard and still believe at least one of the common myths about reverse mortgages. ..

Can I Use A Reverse Mortgage To Purchase A Home?

Bruce Simmons - January 30, 2017
Can I Use A Reverse Mortgage To Purchase A Home?

If you or your spouse are 62 or older, you can use a Home Equity Conversion Mortgage (HECM) to purchase a home as long as it is your primary residence. ..

Why Financial Advisors Are Warming To Reverse Mortgages

Bruce Simmons - December 06, 2016
Why Financial Advisors Are Warming To Reverse Mortgages

As silly as it sounds, making reverse mortgages more difficult to qualify for has actually caused some financial advisors to look at reverse mortgages in a new light. They no longer see this as strictly an expensive loan of last resort that you only do as a last ditch effort. ..

One Million Reverse Mortgages

Bruce Simmons - December 02, 2016
One Million Reverse Mortgages

In a press release on November 1st The National Reverse Mortgage Lenders Association applauded the Federal Housing Administration for insuring more that one million reverse mortgages through its Home Equity Conversion Mortgage program.
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Contact Info

Bruce Simmons Reverse Mortgage Specialist

American Liberty Mortgage, Inc.
Bruce E. Simmons, CRMP
Reverse Mortgage Manager
NMLS #409914

1932 W 33rd Ave
Denver, CO 80211

Direct: (303) 467-7821
Cell: (303) 513-2748
Toll Free: 1-877-467-7801

Fax: (303) 600-7871
bruce@almortgageinc.com

Licensing: Colorado LMB #100036937 // American Liberty Mortgage, Inc NMLS #1462
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