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

Reverse Mortgage Blog

Reverse Mortgages In The News

Bruce Simmons - April 15, 2019
Reverse Mortgages In The News

Seeing how reverse mortgages are my profession, I follow reverse mortgage news on a daily basis.  Some articles I see are good and some are not.  Below are a few recent ones that I thought you would want to be aware of.   ..

What Does It Mean To Be A CRMP?

Bruce Simmons - April 11, 2019
What Does It Mean To Be A CRMP?

CRMP stands for Certified Reverse Mortgage Professional.

A CRMP is a mortgage professional who has made a long-term commitment to use his or her experience and knowledge to serve older homeowners and is the highest designation a reverse mortgage professional can earn.
 ..

Collateral Risk Assessment Update

Bruce Simmons - April 09, 2019
Collateral Risk Assessment Update

A couple of weeks back I attended the Western Reginal Meeting for the National Reverse Mortgage Lenders Association (NRMLA) in California. ..

What Does It Cost To Get A Home Equity Conversion Mortgage?

Bruce Simmons - March 15, 2019
What Does It Cost To Get A Home Equity Conversion Mortgage?

When I am asked what it costs to get a reverse mortgage, I answer with my most common response:  It depends. ..

The Reverse Mortgage Process

Bruce Simmons - March 11, 2019
The Reverse Mortgage Process

I often say that obtaining a reverse is a process.  This is because there are a number of steps involved and in this article I want to lay them our for you so you know exactly what to expect. ..

Retirement Income Planning – Why Open A Reverse Mortgage Before It Is Actually Needed?

Bruce Simmons - March 08, 2019
Retirement Income Planning – Why Open A Reverse Mortgage Before It Is Actually Needed?

“Would the Line of Credit ultimately be larger if opened earlier rather than later?  We can further explore this question with a more realistic example.” ..

25 Ways To Use A HECM Reverse Mortgage

Bruce Simmons - January 21, 2019
25 Ways To Use A HECM Reverse Mortgage

The National Revere Mortgage Lenders Association (NRMLA), puts out a monthly magazine appropriately named "Reverse Mortgage". ..

How Interest Rates On Home Equity Conversion Mortgages Determine Loan Amounts

Bruce Simmons - January 16, 2019
How Interest Rates On Home Equity Conversion Mortgages Determine Loan Amounts

Most people don’t know that there are actually two different interest rates when it comes to reverse mortgages.  ..

FHA Increases the Lending Limit for Home Equity Conversion Mortgages

Bruce Simmons - January 14, 2019
FHA Increases the Lending Limit for Home Equity Conversion Mortgages

FHA has increased the Maximum Lending Limit for the Home Equity Conversion Mortgage (HECM) for 2019  from $679,650  to $726,525.  This is the third year in a row that FHA has increased the lending limit. ..

The Reverse Mortgage For Purchase Money Page

Bruce Simmons - January 10, 2019
The Reverse Mortgage For Purchase Money Page

69-year-old Alice decides to sell her home and downsize. She sells her home for $325,000 and after $18,000 in closing costs and paying off a $30,000 HELOC balance has $277,000 remaining. However, she has fallen in love with a new patio home for $400,000. She knows she can’t afford it because she cannot afford a new mortgage payment plus the HOA dues on her SS and pension of $1,850 per month. But what if she didn’t have a mortgage payment*?...

 ..

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