Reverse Mortgage Radio Show
Bruce Simmons’ new show “Reverse Mortgage Radio” started today (Thursday) on KLZ at 2:30PM.
Today Bruce talks with his new assistant Mary about how they discovered reverse mortgages and the doubts that stop people from learning the facts.
Learn what NOT to do when getting a reverse mortgage. Bruce explains the most common errors people make when getting a reverse mortgage and how to avoid them.
Today Bruce will tell you how to use a reverse mortgage for purchase program to buy the perfect home for your retirement.
What is by far the most common misconception about reverse mortgages?
That is what Bruce Simmons discusses today on his radio show.
*Hint* It has to do with what people think happens at the end of the loan.
This week's show was all bout being flexible. Reverse mortgages are probably the most flexible type of loan that you can get. Tune in now to hear more!
This week Bruce’s assistant Mary joins him to talk about how interest rates impact reverse mortgages. It’s not as simple as you think.
In April of 2015 the Department of Housing and Urban Development (HUD) began requiring lenders to verify credit and income on all Home Equity Reverse Mortgage (HECM) loans. Today Bruce will go over how these underwriting guidelines work and what they mean for you.
Bruce follows up his show from last week about underwriting guidelines with how you might still be able to get a reverse mortgage even if you don’t qualify under the new requirements.
Closing costs are one of the most talked about issues for people who have never researched reverse mortgages. Today Bruce will also talk about them but from a different perspective…someone who knows and understands them.
Today Bruce talks about the pros & cons of leaving your reverse mortgage funds in a line of credit. He’ll discuss ways people have used the LOC in the past as well as how the line grows larger over time.
Last week we discussed the line of credit option. Today we discuss the other 3 payment plans. Listen in to find out what they are.
A lot of people think that reverse mortgages came around sometime in the early 2000’s when they began seeing the TV commercials. They were actually around for decades before that.
How did reverse mortgages get such a bad rap? Today’s show Bruce discusses the how and why reverse mortgages have been viewed negatively by so many people as well as how the tide is turning in a more positive direction.
Have you ever wondered exactly how reverse mortgages work? Or who is eligible to get a reverse mortgage? What if you have a mortgage on your home? Listen to part 1 of Bruce answering your most frequently asked question.