Join Bruce Simmons and industry expert Michael Banner as they debunk the "Wild West" myths of reverse mortgages and explain how modern FHA protections have transformed home equity into a strategic retirement tool.

Ever wondered why reverse mortgages have so many specific rules? Today I am going "under the hood" to explain three quirky regulations. From the 60% disbursement limit to how appraisals are scrutinized, learn how these rules were designed to protect your home and your retirement.

Worried a single late payment or a modest income might disqualify you from a reverse mortgage? In this episode I will break down the four key requirements for qualifying in Colorado—Age, Equity, Payment History, and Residual Income—and explain why 'perfect' credit isn't the goal. Learn how the Letter of Explanation (LOE) and Life Expectancy Set Aside (LESA) work in your favor.

You're ready to downsize, relocate, or become a "grandbaby chaser," but worried about high interest rates or a new monthly mortgage payment? In this episode, I’ll explain the "Reverse for Purchase" program—a powerhouse strategy that lets you buy your next Colorado home using your equity without ever having to make a required monthly mortgage payment. Learn how to "overfund" your loan to create a growing, tax-free line of credit and protect your retirement portfolio.

In this episode, I’m challenging the myth that a reverse mortgage is only for the desperate. If you’ve spent a lifetime building wealth, you might be surprised to learn how an FHA-insured HECM is becoming a sophisticated tool for the financially savvy. I’ll break down three rational reasons why asset-rich homeowners use a line of credit to gain liquidity without selling investments, protect their retirement savings from market drops, and manage their tax-free cash flow. If you’re over 62 and want to make the most of your home equity, join me for this conversation.

Want to stay in your home forever? Bruce Simmons chats with Consultant on Aging Amy Lane about the simple "home hacks"—from barn doors to grab bars—that make aging in place safe and easy in Colorado.

Ever heard the term "financial assessment" and felt a bit nervous? Don’t be! In this episode, we break down why the HECM financial assessment is actually a safety net for your retirement. We dive into the shift from traditional mortgage qualifying to "residual income" checks, explore how a Life Expectancy Set Aside (LESA) works, and explain why these rules exist to ensure you can stay in your home comfortably for the long haul. It’s about sustainability, protection, and peace of mind.

Are the fears surrounding reverse mortgages based on reality or outdated myths? This episode explores the 35-year journey of the FHA-insured HECM, from its 1961 origins to the highly regulated program it is today.

We discuss how a colorado reverse mortgage has transformed through major safety reforms, including non-recourse protection and financial assessment rules. You will learn about the strategic differences between a hecm vs heloc and how the reverse mortgage rate functions in a modern retirement plan. This conversation provides an educational look at current safeguards without offering financial advice. We invite you to listen to the full story.