Hi, I’m Bruce Simmons. If you’re 62 or older and own a home in the Denver area, you might be wondering what the recent changes in the housing market mean for you. Prices are slowing down, more homes are for sale, and properties are staying on the market longer. In this episode, we’ll break down these shifts and explain how they affect your home’s value and your options with a reverse mortgage. Whether you’re thinking about selling or staying put, this episode will help you make informed decisions about your financial future.

• Why the Denver housing market is seeing more homes on the market and falling prices
• How these changes impact your home’s appraisal value and your reverse mortgage eligibility
• Why acting now could help you get the most from your home equity
• The benefits of a reverse mortgage compared to selling if you want to stay in your home
• Practical steps to take next, including how to get a free estimate to see if a reverse mortgage fits your needs

This episode gives you a clear picture of the Denver housing market today and how it affects homeowners like you. You’ll learn how to protect your home’s value and use a reverse mortgage to gain financial freedom and peace of mind. Whether you want to stay in your home or consider your options, this information will help you move forward with confidence.

Ready to learn more? Download our free Colorado Consumer Guide For Reverse Mortgages. You can also get a no-obligation, free estimate to see how much money you might qualify for with a reverse mortgage. Let’s make sure you have the facts to make the best choice for your future.

Hey there! In this episode, we’re diving into a big reason why many seniors shy away from reverse mortgages — fear. That fear often comes from hearing things that aren’t quite true or just repeated over and over until they sound like facts. I’m Bruce Simmons, and I’ve spent over 20 years helping folks just like you get the real story behind reverse mortgages. Let’s cut through the confusion and talk about what’s really going on.

What You’ll Learn:

• Why so much fear around reverse mortgages is based on wrong info
• How “Facts Eliminated, Assumptions Repeated” keeps those myths alive
• Stories from real people who found peace of mind with a reverse mortgage
• What you actually need to do to qualify and keep your home without monthly payments
• How to tell good advice from bad so you don’t get caught off guard

I’ll share simple answers to the questions people ask me all the time. No confusing jargon — just straight talk so you can feel confident about your decisions. If you’ve been worried about reverse mortgages, this episode will help you see past the scary headlines and understand your options clearly.

Don’t let fear stop you from making a smart move that could really help your retirement. Tune in, get the facts, and find out if a reverse mortgage is right for you.

Want to dig deeper?

Grab your free Colorado Consumer Guide for Reverse Mortgages or get a no-obligation estimate to see how much money you might qualify for.

Can’t wait to help you turn those worries into confidence!

Have you ever wondered if you have to take all your reverse mortgage money at once? Or maybe you’re curious how to access your home equity in a way that fits your unique lifestyle and retirement goals? In this episode of Reverse Mortgage Radio, we’re diving deep into the Home Equity Conversion Mortgage—aka the HECM—and why it’s one of the most flexible financial tools available for seniors. Whether you want a lump sum, monthly income, a growing line of credit, or a mix of all three, this episode will show you how to make your home equity work exactly the way you need it to.

• The basics of what a HECM reverse mortgage is and how it differs from traditional loans
• Why flexibility is the HECM’s biggest advantage—and how you can customize how and when you access your funds
• How a growing line of credit can act as a safety net for emergencies or long-term care planning
• Real-life strategies for combining lump sums, monthly payments, and lines of credit to fit your retirement lifestyle
• Common myths about reverse mortgages debunked so you can make informed decisions with confidence

This episode isn’t just about understanding reverse mortgages—it’s about empowering you to take control of your retirement finances with confidence and clarity. By learning how the HECM can be tailored to your needs, you’ll discover new ways to boost income, protect your future, and enjoy peace of mind without giving up your home. Whether you’re just starting to explore reverse mortgages or looking for smarter strategies, this conversation will leave you inspired and ready to take action.

Ready to learn even more? Download our free Colorado Consumer Guide for Reverse Mortgages today for detailed insights tailored to Colorado homeowners. Or get a free, no-obligation reverse mortgage estimate to see what options might be waiting for you. Visit our website or call us anytime—we’re here to help you unlock the full potential of your home equity on your terms.

Today, I will share two decades of experience, revealing surprising stories of how reverse mortgages impacted seniors’ lives, both positively and negatively. This episode isn’t about promoting reverse mortgages; it’s about empowering listeners to make informed decisions, considering the complexities and potential downsides of this unique financial tool. Learn about the surprising situations where a reverse mortgage might not be the best option.

00:00 Introduction to Reverse Mortgage Radio

01:08 Flipping the Script: Reasons to Consider Not Getting a Reverse Mortgage

03:03 Understanding Reverse Mortgages

05:02 The Financial Mechanics of Reverse Mortgages

06:51 When Not to Consider a Reverse Mortgage

09:06 Financial Readiness: Property Charges and Maintenance

12:29 Home Condition and Reverse Mortgages

16:01 Navigating Medicaid and Reverse Mortgages

19:44 Avoiding Pressure: Making Informed Decisions

23:04 Financial Discipline and Spending Equity

27:50 Recap: Key Reasons to Delay a Reverse Mortgage

“A reverse mortgage is not a one-size-fits-all type of program.” - Bruce Simmons

“When you access funds from a reverse mortgage, you are spending your wealth. It’s the equity in your home. Using this in a responsible way is paramount.” - Brady and Dan Mullen, Reverse Mortgages, The Financial Ugly Duckling

“I have known that this is not right for this person, and I didn’t do the loan for them.” - Bruce Simmons (on turning down clients)

Bruce Simmons, a certified reverse mortgage professional, shares personal anecdotes from his career, highlighting cases where a reverse mortgage was and wasn’t the right choice. He explains the intricacies of the program, emphasizing the importance of understanding the responsibilities involved, including ongoing property maintenance and tax payments. The episode cautions against impulsive decisions and the potential pitfalls of family pressure. The episode also underscores the importance of responsible financial planning and the need to seek professional guidance.

Reverse mortgage expert Bruce Simmons tackles your top 5 retirement worries. Learn how a reverse mortgage can provide financial security and peace of mind in retirement. Discover practical solutions for aging in place and preserving your legacy.

Unlock the equity in your home. Gain financial freedom without monthly payments. Secure your future with smart financial insights.

00:00 Introduction to Reverse Mortgage Radio

01:00 Understanding Reverse Mortgages

07:00 Concern 1: Outliving Your Money

10:33 Concern 2: Healthcare and Long-Term Care Costs

14:22 Concern 3: Monthly Mortgage or Debt Payments

21:02 Concern 4: Aging in Place

25:10 Concern 5: Leaving a Legacy

Call Bruce today for a free consultation: 303-467-7821 or visit ReverseMortgageRadio.net

#ReverseMortgage #RetirementPlanning #FinancialFreedom #SeniorHousing #HomeEquity

Retirement should be a time of peace, not financial stress. But with market volatility and rising interest rates, many retirees feel uncertain about their future. This episode of Reverse Mortgage Radio cuts through the confusion, focusing on what matters most: certainty, simplicity, and safety. Join me today as I explain how a reverse mortgage can provide exactly that, even in these uncertain times.

What You’ll Learn:

• How reverse mortgages offer financial certainty, eliminating monthly mortgage payments and potentially providing a steady monthly income stream.
• Why reverse mortgages are simpler than you think, dispelling common myths and misconceptions.
• The built-in safety features of reverse mortgages, including FHA insurance and borrower protections.
• Real-life examples of how reverse mortgages have improved the lives of retirees.
• How to determine if a reverse mortgage is the right fit for your unique situation.

Feeling secure in retirement shouldn’t be a luxury; it’s a necessity. This episode equips you with the knowledge to understand how a reverse mortgage can offer you financial stability and peace of mind. Bruce Simmons shares practical strategies and real-world stories, empowering you to make informed decisions about your financial future.

Don’t forget to download my free Colorado Consumer Guide for a deeper dive into reverse mortgages and to determine if this financial tool is right for you.

Are you feeling overwhelmed by all the talk about reverse mortgage interest rates? You’re not alone! In this episode, we’ll break down one of the most confusing aspects of reverse mortgages—the difference between expected and initial interest rates. Whether you’re considering a reverse mortgage or just want to understand how these numbers affect your financial future, I’m here to guide you through it in plain English. Get ready for real-life examples, clear explanations, and actionable advice that will empower you to make smarter decisions about your home equity.

• The key differences between expected and initial interest rates—and why both matter
• How each rate impacts your borrowing power and long-term home equity
• What factors determine these rates (and what you can—and can’t—control)
• Common misconceptions about growing lines of credit with reverse mortgages
• Practical tips for evaluating if now is the right time for a reverse mortgage based on current rate trends

By tuning into this episode, you'll walk away with clarity on how reverse mortgage interest rates work—and more importantly, how they impact your loan options and financial well-being. No more confusion or second guessing; just straightforward insights that put you back in control. Whether you're exploring ways to boost retirement income or simply curious about leveraging home equity wisely, this episode gives you the knowledge foundation you need.

Ready to dive deeper? Download our free E-book: Colorado Consumer Guide For Reverse Mortgages, packed with expert tips and must-know facts tailored for Colorado homeowners like you. Or get started today with a no-obligation reverse mortgage estimate—it’s quick, easy, and could open up new possibilities for your retirement planning.

Are you a senior thinking about your next move, but worried about tying up all your cash or sacrificing the lifestyle you’ve worked so hard to build? Imagine if there was a little-known strategy that could unlock new possibilities—letting you buy the home you really want while keeping more money in your pocket. In today’s episode of Reverse Mortgage Radio, I’m pulling back the curtain on one of retirement’s best-kept secrets: using a reverse mortgage for purchase. Whether you’re looking to right-size, upgrade, or simply create more financial flexibility, this episode will show you how this powerful tool can transform your golden years.

• How a Reverse Mortgage for Purchase Works: Discover the nuts and bolts of combining proceeds from selling your current home with a reverse mortgage to buy your next dream home—often with no monthly mortgage payments.
• Top Five Reasons It’s a Game Changer: From maximizing cash flow and reducing financial stress to creating long-term security and aging-in-place options, learn why every retiree should have H4P on their radar.
• Real-Life Scenarios & Success Stories: Hear examples of Colorado seniors who used this strategy to downsize without downgrading—or even upgraded their lifestyle in retirement!
• Debunking Myths & Addressing Concerns: Get clear answers to common questions and misconceptions so you can make confident decisions for yourself or loved ones.
• Steps to Get Started (and Avoid Pitfalls): Find out what it takes to qualify, what homes are eligible, and how working with an expert makes all the difference.

If you’ve ever wondered how other retirees seem to enjoy greater freedom—and wished there was a way for YOU to keep more cash available while still living comfortably—this episode is tailor-made for you. By understanding how reverse mortgages for purchase work and why they’re such an underutilized secret weapon, you'll be empowered with fresh options as you plan your next chapter. Tune in now and discover strategies that could help secure not just where you live—but how well you live—in retirement.

Ready to see if this smart move fits into YOUR plans? Download my free E-Book—the “Colorado Consumer Guide For Reverse Mortgages”—packed with everything seniors need to know before making their next big decision. Or get started today by requesting your personalized reverse mortgage estimate.Don’t leave money—or peace of mind—on the table!