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

Reverse Mortgage Blog

Reverse Mortgage Education Week April 23rd - 27th

Bruce Simmons - April 19, 2018
Reverse Mortgage Education Week April 23rd - 27th

Beginning on Monday April 23rd, the National Reverse Mortgage Lenders Association (NRMLA) is sponsoring the 3rd annual Reverse Mortgage Education Week. ..

Home Equity Line of Credit vs Reverse Mortgage Line of Credit?

Bruce Simmons - April 10, 2018
Home Equity Line of Credit vs Reverse Mortgage Line of Credit?

We invited real homeowners to participate in a blind challenge, comparing two home equity line of credit products: a traditional home equity line of credit and a reverse mortgage line of credit. We called this the Home Equity Line of Credit Challenge. Our groups learned that while both products let you tap into the equity in your home to help you fund your retirement, there are some important differences. They discovered that there are options for how and when to repay the loans, that monthly payments and available funds can change over time, and that only one of the products is government insured. Finally, we asked them to choose which product they preferred. ..

Is A Reverse Mortgage A "Premium Mortgage Product"?

Bruce Simmons - March 26, 2018
Is A Reverse Mortgage A "Premium Mortgage Product"?

I attended the National Reverse Mortgage Lenders Association conference last week in Huntington Beach, CA.  Someone there shared a different perspective that I like.   ..

The Benefits of a Reverse Mortgage Line of Credit

Bruce Simmons - March 20, 2018
The Benefits of a Reverse Mortgage Line of Credit

Putting together the pieces of a retirement plan traditionally consists of social security, personal savings, and pensions or retirement funds. Today, more and more retirees are adding another important piece to their well-structured retirement plan: the equity in their home..

Tight Rules On Troubled FHA Loans Increases Fees & Penalties to Servicers

Bruce Simmons - March 06, 2018
Tight Rules On Troubled FHA Loans Increases Fees & Penalties to Servicers

Servicing a troubled Federal Housing Administration-backed loan costs three times as much as a loan from government-sponsored enterprises (GSEs) — largely due to the FHA’s steep penalties for any missteps during the process. ..

How A Home Equity Conversion Mortgage For Purchase Works

Bruce Simmons - March 05, 2018
How A Home Equity Conversion Mortgage For Purchase Works

Turning 62 isn't what it used to be.

Now it means new activities, new opportunities, and even new homes. In fact, today, one out of every four people who buy a home are age 60 or older. ..

Why Financial Advisors Should Become Familiar with Reverse Mortgages

Bruce Simmons - February 20, 2018
Why Financial Advisors Should Become Familiar with Reverse Mortgages

“Despite some substantial improvements over the past five years, the vast majority of financial services professionals still fail to incorporate home equity planning or reverse mortgages into their practices,” says Jamie Hopkins, professor at the American College of Financial Services, Retirement Income Certified Professional program.
 ..

How Much Money is Available From a Reverse Mortgage?

Bruce Simmons - February 12, 2018
How Much Money is Available From a Reverse Mortgage?

There are no fixed loan-to-value ratios with reverse mortgages. The amount a borrower can receive from a reverse mortgage depends upon three factors: ..

HECM vs. Traditional Home Equity

Bruce Simmons - February 09, 2018
HECM vs. Traditional Home Equity

If you are 62 or older and considering a typical home equity line of credit (HELOC) from your bank, please compare it to a reverse mortgage line of credit (RMLOC) before deciding. ..

4 Issues To Discuss With Your Financial Advisor

Bruce Simmons - November 15, 2017
4 Issues To Discuss With Your Financial Advisor

If you’re thinking about your retirement, you’re going over an increasingly uncertain financial area where many of things your parents took for granted—such as working at the same company for decades with a pension at the end—are no longer givens. With the constant changes to the workplace, insurance and even how we handle payments for medical treatment, a nice nest egg to enjoy your retirement years is anything but certain these days.  ..


FREE REVERSE MORTAGAGE E-BOOK

Colorado Reverse Mortgage Guide.

Get this 28 page Consumer Guide packed with all the facts you need to make an informed decision to see if a reverse mortgage is right for you.

Subscribe to: P - 7 Mistakes To Avoid Subscribe to: Newsletter

I would like a Free Consultation to get all of my questions answered.


Recent Posts


Tags


Archive

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
Denver Website Design IOBI Systems