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

Reverse Mortgage Blog

Help a Bereft Loved One Get Their Finances in Order

Bruce Simmons - July 18, 2018
Help a Bereft Loved One Get Their Finances in Order

From time to time, I come across an article that I think would be beneficial to my audience. Lucille Rosetti runs the web-site www.thebereaved.org. She has graciously allowed me to repost her article on my site. www.thebereaved.org has great information about dealing with the loss of a loved one and I highly recommend you check it out. Lucille can be reached at info@thebreaved.org..

What Happens with the Reverse Mortgage When There is No Equity Left?

Bruce Simmons - July 11, 2018
What Happens with the Reverse Mortgage When There is No Equity Left?

The short answer in two words – Nothing Changes.

Before I get into more details about this specific question, I want to briefly explain what a reverse mortgage is and how it works. ..

Is the Front Range Overvalued?

Bruce Simmons - June 27, 2018
Is the Front Range Overvalued?

In the June 2018 CoreLogic report “The MarketPulse”, they look at home values and try to identify areas that may be overheating.  ..

Kiplinger Magazine Posts Reverse Mortgage Quiz

Bruce Simmons - June 25, 2018
Kiplinger Magazine Posts Reverse Mortgage Quiz

On June 11, 2018 Kiplinger posted an on-line quiz for reverse mortgages.  The article was titled Reverse Mortgage Quiz:  Test Your Knowledge. ..

What is a “Proprietary Reverse Mortgage”?

Bruce Simmons - May 29, 2018
What is a “Proprietary Reverse Mortgage”?

Over the last two weeks, three reverse mortgage lenders made announcements that they will be coming out with their own “proprietary reverse mortgage products. ..

Retirees Confidence on Social Security, Medicare Retreats in 2018

Bruce Simmons - May 08, 2018
Retirees Confidence on Social Security, Medicare Retreats in 2018

“Retirees’ overall confidence shows signs of decline, but their confidence in being able to afford medical and long-term care expenses in retirement is down significantly,” states the Retirement Confidence Survey annual report. “Relatedly, their confidence that Social Security and Medicare will continue to provide benefits equal to what retirees receive today has decreased, states the report.” ..

Why Some Financial Advisors Don’t Recommend Reverse Mortgages

Bruce Simmons - May 07, 2018
Why Some Financial Advisors Don’t Recommend Reverse Mortgages

You have a financial advisor and you’re in your mid-sixties and approaching retirement.  Why hasn’t your financial advisor talked to you about a reverse mortgage?  ..

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.   ..


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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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