After talking with thousands of people and closing well over 650 reverse mortgages in Denver CO, this is still the number one question that I receive from people seeking reverse mortgage information. HECM, or Home Equity Conversion Mortgage is an FHA program that allow people age 62 and over to use an FHA insured reverse mortgage to buy a new or existing primary residence without a monthly mortgage payment.
Join your host, Bruce Simmons, each week as he tackles a new topic on Reverse Mortgages. Bruce has been doing reverse mortgages for over 30 years and is the go-to expert when it comes to the topic of reverse mortages. If you've done any research on obtaining a reverse mortgage in Colorado, you probably already know all about the myths, advantages, disadvantages and most of the pros and cons of reverse mortgages.
But just in case you happen to be starting your research here, (good call by the way), I answer all of these questions, as well as "What is a reverse mortgage and how does it work?", on the various pages of Reverse-Mortgage-Colorado.
Join your host, Bruce Simmons, each week as he tackles a new topic on Reverse Mortgages. Bruce has been doing reverse mortgages for over 30 years and is the go-to expert when it comes to the topic of reverse mortages. If you've done any research on obtaining a reverse mortgage in Colorado, you probably already know all about the myths, advantages, disadvantages and most of the pros and cons of reverse mortgages.
But just in case you happen to be starting your research here, (good call by the way), I answer all of these questions, as well as "What is a reverse mortgage and how does it work?", on the various pages of Reverse-Mortgage-Colorado.
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I know that this site is not all about Bruce Simmons, but I honestly know in my heart that people do business with people they know, like and trust.
Hopefully, as you read through the pages on this site, you will begin to get a feel for who Bruce Simmons is and what my personality and sense of humor is like.
By the way, I don't typically talk about myself in the third person, but since I want everyone who Google's "about Bruce Simmons" to find this site first, I need to use my name, Bruce Simmons, a lot in the text.
Hopefully, as you read through the pages on this site, you will begin to get a feel for who Bruce Simmons is and what my personality and sense of humor is like.
By the way, I don't typically talk about myself in the third person, but since I want everyone who Google's "about Bruce Simmons" to find this site first, I need to use my name, Bruce Simmons, a lot in the text.
This testimonials page has actual stories from real customers that I have helped over the years.
Most of the testimonials are un-edited, or only slightly edited so as not to share any personal information.
Unfortunately, I don't remember the details on all of the customers that wrote me, but I did give a brief explanation of the ones that I do remember.
My comments are in red.
This testimonial is from a wonderful lady that was very torn about doing a reverse mortgage.
She knew that if she wanted to stay in her home that she would have to do it, but felt like she was giving up her home, and she wanted to save the equity to give to charity when she died.
Most of the testimonials are un-edited, or only slightly edited so as not to share any personal information.
Unfortunately, I don't remember the details on all of the customers that wrote me, but I did give a brief explanation of the ones that I do remember.
My comments are in red.
This testimonial is from a wonderful lady that was very torn about doing a reverse mortgage.
She knew that if she wanted to stay in her home that she would have to do it, but felt like she was giving up her home, and she wanted to save the equity to give to charity when she died.
Below are the reverse mortgage frequently asked questions that I have answered over the years.
I've attached links to other Reverse Mortgage Colorado pages for the most common reverse mortgage frequently asked questions.
However, if you don't think that I've answered your specific reverse mortgage question adequately enough, please contact me at (303) 467-7821 or toll free at 877-467-7801.
I will answer you call personally (I cannot afford a secretary), and if I receive other questions about the same topic, I will make sure to update the site.
I've attached links to other Reverse Mortgage Colorado pages for the most common reverse mortgage frequently asked questions.
However, if you don't think that I've answered your specific reverse mortgage question adequately enough, please contact me at (303) 467-7821 or toll free at 877-467-7801.
I will answer you call personally (I cannot afford a secretary), and if I receive other questions about the same topic, I will make sure to update the site.
A reverse mortgage is an FHA insured loan that is specifically designed for homeowners, age 62 and above, that allows you to convert a portion of the value of your home into tax-free money*, without ever having to sell your home, give up title or obligate yourself to a monthly mortgage payment.
This is an FHA program that allow people age 62 and over to buy a new home.
This program works just like any other mortgage used to buy a home except that with a reverse mortgage the buyers do not have to obligate themselves to a monthly mortgage payment.
This is an FHA program that allow people age 62 and over to buy a new home.
This program works just like any other mortgage used to buy a home except that with a reverse mortgage the buyers do not have to obligate themselves to a monthly mortgage payment.
I am a reverse mortgage specialist and am ready to get your questions about getting a reverse mortgage in Colorado answered.
There still seems to be more misinformation out there than accurate reverse mortgage information.
Of course, it depends on who you talk to as to whether or not you get the correct reverse mortgage information or some fear based myth.
The great enemy of the truth is very often not the lie - deliberate, contrived and dishonest, but the myth - persistent, persuasive and unrealistic.
There still seems to be more misinformation out there than accurate reverse mortgage information.
Of course, it depends on who you talk to as to whether or not you get the correct reverse mortgage information or some fear based myth.
The great enemy of the truth is very often not the lie - deliberate, contrived and dishonest, but the myth - persistent, persuasive and unrealistic.
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