What happens to your home, and your heirs, when a reverse mortgage comes due? Most people think the bank just "takes the house," but that couldn't be further from the truth. In this episode, Bruce Simmons (the "Reverse Mortgage Professor") breaks down the specific HUD rules that protect heirs, including the 95% Rule for keeping a home with no equity and the non-recourse protection that ensures no one ever owes a dime more than the house is worth. Whether you have $300k in equity or are "underwater," learn the 2x2 decision grid every heir needs to see.

What happens to your home, and your heirs, when a reverse mortgage comes due? Most people think the bank just "takes the house," but that couldn't be further from the truth. In this episode, Bruce Simmons (the "Reverse Mortgage Professor") breaks down the specific HUD rules that protect heirs, including the 95% Rule for keeping a home with no equity and the non-recourse protection that ensures no one ever owes a dime more than the house is worth. Whether you have $300k in equity or are "underwater," learn the 2x2 decision grid every heir needs to see.

Reverse Mortgage Radio

What Happens When a Reverse Mortgage Ends? The Heirs' Guide

Are you "house rich but cash poor"? In this episode, Bruce Simmons explores the growing "cost burden" on Colorado seniors. We dive into the Harvard research showing why 1 in 3 retirees is struggling, the massive property tax hikes hitting the Front Range, and a brilliant "downsize and upgrade" strategy that can put $500,000 back in your pocket.

Are you "house rich but cash poor"? In this episode, Bruce Simmons explores the growing "cost burden" on Colorado seniors. We dive into the Harvard research showing why 1 in 3 retirees is struggling, the massive property tax hikes hitting the Front Range, and a brilliant "downsize and upgrade" strategy that can put $500,000 back in your pocket.

Navigating the Colorado Retirement Squeeze: Property Taxes, Housing Traps, and the HECM Solution

Learn how the "60% rule" and updated Non-Borrowing Spouse protections create a more stable and secure retirement for Colorado homeowners.

Learn how the "60% rule" and updated Non-Borrowing Spouse protections create a more stable and secure retirement for Colorado homeowners.

Understanding the 60% Rule and Modern Spouse Protections

Discover two sophisticated ways to leverage a reverse mortgage for purchase. Learn how to buy multifamily properties for rental income and how "overfunding" a line of credit can create a massive, tax-free retirement safety net.Two Advanced Strategies to Boost Retirement Income with an HECM

Discover two sophisticated ways to leverage a reverse mortgage for purchase. Learn how to buy multifamily properties for rental income and how "overfunding" a line of credit can create a massive, tax-free retirement safety net.Two Advanced Strategies to Boost Retirement Income with an HECM

Two Advanced Strategies to Boost Retirement Income with an HECM

This week on Reverse Mortgage Radio, we take you behind the scenes of a major industry summit in Knoxville. From the influx of younger, ethical lenders to the academic research that’s changing how financial advisors view home equity, we’re talking about why this business is more about "people work" than "paperwork." Tune in to learn how a reverse mortgage can be a strategic tool for your retirement, not a last resort.

This week on Reverse Mortgage Radio, we take you behind the scenes of a major industry summit in Knoxville. From the influx of younger, ethical lenders to the academic research that’s changing how financial advisors view home equity, we’re talking about why this business is more about "people work" than "paperwork." Tune in to learn how a reverse mortgage can be a strategic tool for your retirement, not a last resort.

People Over Paperwork: What's Changing in Reverse Mortgages

Many homeowners assume reverse mortgages work just like traditional loans, but the interest rate structure is actually quite different. This episode breaks down the "Interest Rate Puzzle," explaining the difference between the expected rate (which determines borrowing power) and the initial rate (what is actually charged). Listeners will learn why the 10-year Treasury index matters, how interest rate "caps" protect applicants during processing, and why the flexibility of an adjustable rate often outweighs the perceived safety of a fixed rate.

Many homeowners assume reverse mortgages work just like traditional loans, but the interest rate structure is actually quite different. This episode breaks down the "Interest Rate Puzzle," explaining the difference between the expected rate (which determines borrowing power) and the initial rate (what is actually charged). Listeners will learn why the 10-year Treasury index matters, how interest rate "caps" protect applicants during processing, and why the flexibility of an adjustable rate often outweighs the perceived safety of a fixed rate.

Understanding Reverse Mortgage Interest Rates

What happens after signing a reverse mortgage application? This episode explores the process using the analogy of a long-distance flight. From the "security screening" of underwriting to navigating the "turbulence" of appraisals and title searches, learn what it takes to reach the destination: financial stability. This guide covers common hurdles like HOA verifications and property condition requirements to ensure a smooth landing for Colorado homeowners.

What happens after signing a reverse mortgage application? This episode explores the process using the analogy of a long-distance flight. From the "security screening" of underwriting to navigating the "turbulence" of appraisals and title searches, learn what it takes to reach the destination: financial stability. This guide covers common hurdles like HOA verifications and property condition requirements to ensure a smooth landing for Colorado homeowners.

Buckle Up: Navigating the 'Turbulence' of Your Reverse Mortgage Journey

Many seniors worry that a reverse mortgage will "steal" their children's inheritance, but the reality is often the exact opposite. This episode explores three major reasons why adult children encourage their parents to tap into their home equity, from maintaining independence to protecting the family estate from future debt.

Many seniors worry that a reverse mortgage will "steal" their children's inheritance, but the reality is often the exact opposite. This episode explores three major reasons why adult children encourage their parents to tap into their home equity, from maintaining independence to protecting the family estate from future debt.

3 Reasons a Reverse Mortgage Is Actually GOOD for Your Kids

Bruce Simmons explains why he visits homes personally to spot appraisal hurdles like missing handrails or CO2 detectors before they stall your loan.

Bruce Simmons explains why he visits homes personally to spot appraisal hurdles like missing handrails or CO2 detectors before they stall your loan.

Pre-Appraisal Prep: Is Your House Ready for a Reverse Mortgage?

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.

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.

The 'Wild West' is Over: Why the Reverse Mortgage of 2026 is Nothing Like Your Father's

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.

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.

Reverse Mortgage Rules Under the Hood: Why Reverse Mortgage "Red Tape" is Actually Your Best Friend

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.

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.

Can I Actually Qualify? The 4 Pillars of Reverse Mortgage Requirements

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.

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.

Buy a Home with a Reverse Mortgage: HECM for Purchase Strategy

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.

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.

The Savvy Strategy: 3 Reasons Asset-Rich Homeowners Use Reverse Mortgages

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.

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.

Aging in Place in Colorado: Local Resources and Practical Home Hacks

Unlock the door to a financially free retirement with 'Reverse Mortgage Radio' – your go-to source for savvy financial insights in the world of reverse mortgages. Dive deep into the untapped potential of your home equity with industry experts, real-life success stories, and cutting-edge strategies that set us apart. Tune in to 'Reverse Mortgage Radio' and transform your golden years from uncertain to unbelievable. Hit subscribe and start redefining retirement on your terms today!

Unlock the door to a financially free retirement with 'Reverse Mortgage Radio' – your go-to source for savvy financial insights in the world of reverse mortgages. Dive deep into the untapped potential of your home equity with industry experts, real-life success stories, and cutting-edge strategies that set us apart. Tune in to 'Reverse Mortgage Radio' and transform your golden years from uncertain to unbelievable. Hit subscribe and start redefining retirement on your terms today!

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Reverse Mortgage Radio

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