Imagine turning decades of homeownership into a practical safety net without packing a single box or moving across town. In this episode I walk you through a clear, no-nonsense framework called ACCESS — six straightforward ways a reverse mortgage can improve your monthly cash flow, reduce financial stress, and help you stay in the home you love. I’ll share real-life examples from Colorado homeowners, explain how the program works, and show when a reverse mortgage can be the smart, responsible choice for retirees on fixed incomes.

A — How to access the equity you’ve built in your home without selling or monthly principal payments

C — Ways to create or restore monthly cash flow (including examples of payoff scenarios and monthly stipends)

C — How a reverse mortgage keeps you in control of decisions about money, home, and timing of withdrawals

E — How eliminating mortgage payments can ease financial strain and protect other retirement assets

S — Strategies that let you stay in your home, preserve independence, and avoid costly moves or rental fees

S — How a reverse mortgage adds a layer of security to your retirement plan and protects heirs from downside risk

Qualification basics: age, home value, interest-rate effects, and paying off existing loans — explained simply

Practical case studies from Colorado: real clients who improved cash flow, paid off debt, and set up a line of credit for emergencies

How to structure funds: lump sum, line of credit, monthly payments, or a combination — and when each makes sense

If you’re 62 or older, living in Colorado, and worried that limited savings could force unwanted compromises in retirement, this episode gives you a clear roadmap. You’ll hear how a reverse mortgage can convert home equity into usable cash while keeping you in control of your finances and your home. By the end you’ll know the specific steps to evaluate if this tool fits your goals — whether you need a monthly supplement, an emergency line of credit, or simply peace of mind.

If you’re 68–70, living in a suburban Colorado home you love, and wondering how to stretch Social Security and a small pension without giving up independence — this episode is for you. I walk you through the plain‑spoken facts about reverse mortgages (HECMs), what’s required to keep your home, and the real ways seniors are using this tool to pay taxes, cover healthcare surprises, and enjoy life with their grandchildren. No sales pitch — just years of experience, real examples, and the practical options that fit your situation.

What you’ll learn

• The five things you must do to keep your home with a reverse mortgage: live there as your primary residence, keep insurance, pay property taxes, maintain the property, and keep your name on title — and why each matters.
• The four ways to access your equity (lump sum, line of credit, monthly payments, or a combination) and which option fits common retiree needs like covering recurring medical bills or funding home repairs.
• How your age, interest rate, and the home’s value determine how much you can borrow — why being 68 vs. 70 changes your options, and how rising home values can improve your future borrowing power.
• How the reverse mortgage loan balance grows over time, what happens when the last homeowner leaves the home (sale, refinance, or heirs keeping the house), and why heirs are not personally responsible for deficits thanks to mortgage insurance (non‑recourse protection).
• Practical examples: how a homeowner eliminated a $1,000 monthly mortgage payment, set up $2,000 monthly income, and still kept a growing line of credit for future emergencies.
• The impact on government benefits: why Social Security and Medicare won’t be affected, when Medicaid or SSI could be impacted, and how to plan withdrawals to avoid problems.
• When it makes sense to wait and when acting now is smarter — including how FHA lending limits and small changes in interest rates can affect your borrowing power.

This episode gives you a clear, honest walkthrough of how a reverse mortgage can be a practical lifeline — not a trap — for Colorado retirees who want to stay in their homes, pay for health and maintenance costs, and leave as much legacy as possible. You’ll hear real scenarios, straightforward rules to protect your home, and the options that let you choose the income style that fits your life. Tune in to learn whether a reverse mortgage could be the flexible, low‑stress solution you’ve been looking for — and get the facts you need to decide with confidence.

Hello — Bruce Simmons here. If you wake up worrying about rising bills, surprise medical costs, or whether your savings will last, this episode is for you. I speak plainly about three pressures squeezing seniors today: rising Medicare costs, ever-higher housing expenses, and the sudden drop in income after a spouse dies. I’ll share real Colorado stories and explain how a reverse mortgage can be a practical tool to create breathing room — not a miracle, but a responsible option you can consider.

• The exact 2026 Medicare changes and how they affect your monthly budget.
• Why a paid-off house still creates big costs — taxes, insurance, utilities, HOA fees, and repairs.
• How losing a spouse can cut household income and create urgent cash needs.
• Real client examples of using reverse mortgages to pay off debt, cover repairs, and set up emergency funds.
• The four payout options for a reverse mortgage and which fits common needs: lump sum, monthly payments, line of credit, or a combination.
• The five responsibilities that keep a reverse mortgage in good standing.
• How a reverse mortgage line of credit grows and why it can be a safety net.
• Key factors that determine how much you can borrow: age, home equity, and interest rates.
• Practical timing advice — why setting up a reverse mortgage while both spouses are alive often makes sense.
• Questions to ask a loan professional so you go in knowing the pros and cons.

Listen to this episode to get clear numbers, straightforward advice, and practical next steps you can act on. You’ll learn what’s driving your rising costs, how a reverse mortgage works, and whether it could help protect your savings and independence. If you want a free Colorado consumer guide or a personal quote, I’ll tell you how to reach me during the show. Tune in and get the facts you need to make a calm, informed choice.