Welcome to today’s episode of Reverse Mortgage Radio. I’m Bruce Simmons, and today, we’re tackling one of the most misunderstood parts of reverse mortgages—what actually happens when the loan comes due. Many people worry about surprises, losing their home, or leaving a financial burden on their family. I’m here to break it down in simple terms, step by step, so you’ll know exactly what to expect. Whether you’re thinking about a reverse mortgage or already have one, this episode will give you the facts and peace of mind you need.

What You’ll Learn:

• When and why your reverse mortgage loan has to be repaid
• The key responsibilities you must keep up with during the loan
• How reverse mortgages work for spouses and what happens if one passes away
• What your heirs need to do when the loan becomes due
• Common myths about foreclosure and loan repayment, explained clearly

By the end of this episode, you’ll understand the full picture of reverse mortgage loans—how they work, what triggers repayment, and how your family can handle the process without stress or confusion. This knowledge will help you protect your home, your finances, and your legacy. If you want to feel confident and prepared for whatever comes next with your reverse mortgage, stay tuned. I’m Bruce Simmons, and I’m here to help you make smart choices about your home and your future.

Hello and welcome to Reverse Mortgage Radio! I’m Bruce Simmons, and today we’re diving into a topic that often confuses retirees: should you tap into debt or sell your assets during retirement? We’ll explore this through the lens of an insightful article by financial expert Brady Mullen. If you’ve ever wondered whether a reverse mortgage is the right move or if selling investments is better, this episode will give you clear answers. I’ll break down the facts, share real-life examples, and help you see how home equity can work for you, not against you.

What You’ll Learn:

• Why borrowing money with a reverse mortgage can be smarter than selling your investments.
• How debt, when understood properly, can be a helpful tool in retirement planning.
• The surprising benefits of keeping your assets growing while using home equity to cover expenses.
• Real-life scenarios showing how reverse mortgages can reduce financial stress and improve your lifestyle.
• What to watch out for when considering a reverse mortgage and how to decide if it’s right for you.

By the end of this episode, you’ll understand why many retirees find peace of mind by using reverse mortgages to manage their finances. You’ll gain a clearer view of how debt isn’t always a burden—it can be a way to keep your assets intact while covering important expenses. Whether you want to fund healthcare costs, home repairs, or just enjoy life without financial worries, this episode will give you the tools to make confident decisions. Tune in and learn how to turn your home equity into a powerful part of your retirement plan.

If you’re a retired homeowner like many in Colorado’s suburbs, you might be wondering if a reverse mortgage could help ease financial worries. But before you make any decisions, there are five crucial questions you need to ask yourself. In this episode, I’ll walk you through these questions to help you understand the true benefits and risks of reverse mortgages. Whether you want to stay in your home comfortably or want to supplement your income without monthly payments, this episode will give you clear and honest answers to make a confident choice.

What You’ll Learn:

• How long you should plan to stay in your home to make a reverse mortgage worth it.
• The basics of how reverse mortgages work and what responsibilities come with them.
• How to set clear goals for what you want a reverse mortgage to achieve for your financial future.
• What it takes to afford your home’s upkeep even without a monthly mortgage payment.
• How reverse mortgages can fit into your overall financial planning, including tax and healthcare costs.

By the end of this episode, you’ll have a clearer picture of whether a reverse mortgage fits your retirement plan. You’ll understand the key questions every homeowner should ask before moving forward. This isn’t about pushing you into a loan but helping you feel secure and informed about your options. If you want peace of mind and financial flexibility while staying in the home you love, tune in to get the facts straight from someone who’s helped hundreds of homeowners just like you. Let’s make smart choices together.