How a Reverse Mortgage Can Help You Stay in Your Colorado Home -- Clear Answers for Retirees

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.