Reverse Mortgage Radio Show
Most people want fixed rates on their mortgage loans. But quite often, an adjustable rate makes more sense on reverse mortgage mortgages. Listen now to learn the pros and cons of adjustable rates for reverse mortgages.
With the recent changes HUD made to the HECM program, is it still worth it to do a reverse mortgage Listen in now to hear Bruce’s take on the new reverse mortgage lending environment.
There are many different ways to use a reverse mortgage to improve your financial well-being. On today’s show, Bruce talks about a number of different uses you can use a reverse mortgage.
What exactly is the process of obtaining a reverse mortgage? Listen now and Bruce will explain the ten steps everyone goes through to get a reverse mortgage.
Finishing up on his explanation about the changes coming 10/2/17, Bruce goes into what mortgage insurance is and is for as well as the reason it is needed on reverse mortgages.
Today’s show is all about the upcoming changes to reverse mortgages. Bruce explains how and why the amount HUD allows lenders to loan is being reduced.
On today’s show we take ask the questions “What if you look at a reverse mortgage more like a ‘normal’ mortgage?” Listen in now to see what we find.
This week HUD announced major changes coming to the HECM reverse mortgage program beginning October 2nd. Bruce will explain how these changes will impact you and your reverse mortgage plans. He also discusses a recent article about reverse mortgages in a major newspaper.
Today’s show centered around unique situations and properties. If you live in a log home or an A-frame home or have a spouse that is under age 62, you will want to listen to today’s show.
On today’s show, Bruce finishes up on some of the Most Frequently Asked Questions that he receives from homeowners and professionals.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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!
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.
Today Bruce will tell you how to use a reverse mortgage for purchase program to buy the perfect home for your retirement.
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 talks with his new assistant Mary about how they discovered reverse mortgages and the doubts that stop people from learning the facts.
Bruce Simmons’ new show “Reverse Mortgage Radio” started today (Thursday) on KLZ at 2:30PM.