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

Reverse Mortgage Blog

The Importance of Home Inspections for Seniors Looking to Age in Place

Bruce Simmons - March 19, 2021
The Importance of Home Inspections for Seniors Looking to Age in Place

This article was originally posted at https://www.inspectionsupport.net/resources/importance-of-home-inspections-for-seniors/ and is posted here with permission.

There are many reasons senior citizens prefer to "age in place" in their own homes rather than moving to a nursing home or assisted living facility. For one thing, no matter how well-run a facility may be, it never truly feels like home. Not only is there limited space for sentimental keepsakes, but living in a facility also results in a loss of freedom in the form of set mealtimes, mandatory wake-up times, and TV volume limits. Additionally, many seniors prefer to remain in a familiar neighborhood where they can be close to family, shopping, churches, and social groups. ..

Can You Refinance A Home Equity Conversion Mortgage?

Bruce Simmons - January 18, 2021
Can You Refinance A Home Equity Conversion Mortgage?

The answer is obviously yes.  If it were no, this would be a very short article.  ..

How To Get A Reverse Mortgage And Stay Safe In The Current (COVID-19) Environment

Bruce Simmons - March 24, 2020
How To Get A Reverse Mortgage And Stay Safe In The Current (COVID-19) Environment

I cannot recall a better time to get a reverse mortgage.  Rates are the lowest that I’ve seen (I’ve been specializing in originating reverse mortgages since 2003), and property values are still high.  ..

Quirky Reverse Mortgage Rules (Part 1)

Bruce Simmons - March 16, 2020
Quirky Reverse Mortgage Rules (Part 1)

Reverse mortgages have lots of rules. Specifically, the FHA insured Home Equity Conversion Mortgage (HECM), has more rules than any loan I have ever done. The other challenge is that FHA tends to add, change and update (never subtract), these rules on at least a yearly basis. ..

Reverse Mortgage Conversation on “The Street”

Bruce Simmons - February 25, 2020
Reverse Mortgage Conversation on “The Street”

“Thestreet.com” is financial news and literacy website that is directed towards mainstream America and personal finance. ..

The Incredible, Flexible Home Equity Conversion Mortgage

Bruce Simmons - February 19, 2020
The Incredible, Flexible Home Equity Conversion Mortgage

If the FHA insured reverse mortgage, known as the Home Equity Conversion Mortgage (HECM), is anything, it is an incredibly flexible financial instrument.  ..

A Decade of Change

Bruce Simmons - February 12, 2020
A Decade of Change

When I entered the reverse mortgage business back in 2003, I thought it was a great program that would never change…Then 2008 happened. ..

FHA Lending Limit Increases for 2020

Bruce Simmons - January 21, 2020
FHA Lending Limit Increases for 2020

Effective January 1, 2020, FHA increased the Maximum Claim Amount (MCA) from $726,525 to $765,600.  ..

Portfolio Reverse Mortgage Updates

Bruce Simmons - December 02, 2019
Portfolio Reverse Mortgage Updates

Last week I attended the National Reverse Mortgage Lenders Association (NRMLA) convention in Nashville, TN. I find these meetings very informative and valuable and I always learn something.  ..

Life Cycle Of An Appraisal

Bruce Simmons - October 22, 2019
Life Cycle Of An Appraisal

With FHA just recently announcing they are making the “Collateral Risk Assessment” program permanent, I thought this would be good time to talk about the appraisal process. ..


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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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