Reverse Mortgage Colorado

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Reverse Mortgage Colorado Reverse Mortgage Colorado teaches you the facts about the FHA insured HECM reverse mortgage program.

You get accurate information to make an educated decision if a reverse mortgage is right for your particular situation. You will get accurate facts from an expert with over 13 years in the reverse mortgage business as well as hear from actual borrowers who have used a reverse mortgage to live a more comfortable and secure retirement.

Are reverse mortgages expensive? I hear that question often, so in my latest podcast, I break down the costs bucket by b...
10/21/2026

Are reverse mortgages expensive? I hear that question often, so in my latest podcast, I break down the costs bucket by bucket and explain what each one pays for. My goal is to give you the facts so you can decide whether a reverse mortgage makes sense for your situation.

I’m also a U.S. Army veteran myself: I served from 1983–86. There’s no VA reverse mortgage, and I’ve always thought that was a gap.

That’s why, for any veteran: or spouse of a veteran: who completes a reverse mortgage with me, I provide a lender credit of approximately $1,500 at closing toward the appraisal, typically $650–$750, and title insurance, about $900.

There’s no deadline and no fine print on this veteran benefit. Costs and loan terms vary, so education matters. Listen to the full episode:
https://reverse-mortgage-colorado.net/podcast/are-reverse-mortgages-expensive-a-cost-breakdown-bucket-by-bucket/

The hard truth is that most of us will need some form of care, and those costs can put real pressure on a retirement por...
10/20/2026

The hard truth is that most of us will need some form of care, and those costs can put real pressure on a retirement portfolio.

In my latest solo podcast episode, I explain how a HECM may provide a monthly payment or line of credit to help cover long-term care premiums and other expenses, potentially reducing portfolio withdrawals.

Here’s the math: withdrawing $48,000 per year from an $800,000 portfolio is a 6% withdrawal rate. If $1,500 per month from a reverse mortgage replaces part of that withdrawal, the portfolio draw falls to $30,000 per year, under 4%.

A HECM isn’t right for everyone. The loan balance grows over time, and that can mean less home equity down the road. But for some homeowners, it may be one piece of a thoughtful retirement-income plan.

Listen to “A HECM Is More Than a Loan: Three Strategies for Retirement Income, Care, and Taxes”: https://reverse-mortgage-colorado.net/podcast/an-hecm-is-more-than-a-loan-three-strategies-for-retirement-income-care-and-taxes/

Are reverse mortgages expensive? Let’s look at Bucket 3: third-party costs. 🔍These can include the appraisal, title insu...
10/19/2026

Are reverse mortgages expensive? Let’s look at Bucket 3: third-party costs. 🔍

These can include the appraisal, title insurance, settlement services, credit report, recording fee, and flood certification. Together, they’re typically around $2,400–$3,000: the same types of costs you may see with any mortgage.

The important detail is that I generally roll these costs into the reverse mortgage, so you typically don’t have to write an out-of-pocket check for them at closing.

The possible exception is HUD-approved counseling, which usually costs about $150–$200. In some cases, that fee may be waived.

I break down each cost bucket in my podcast so you can understand what you’re paying for and decide whether a reverse mortgage makes sense for you:
https://reverse-mortgage-colorado.net/podcast/are-reverse-mortgages-expensive-a-cost-breakdown-bucket-by-bucket/

What if staying in your current home isn’t the only way to age well? 🏡In my latest podcast episode, “Aging in Place… or ...
10/16/2026

What if staying in your current home isn’t the only way to age well? 🏡

In my latest podcast episode, “Aging in Place… or Not: Should You Stay or Should You Go?” he explains how a HECM for Purchase may help eligible homeowners age 62+ buy a new primary residence.

For example, $500,000 in home-sale proceeds could potentially support a $700,000 purchase: depending on your age, interest rates, the home’s value, and program limits. You may also choose to make a smaller down payment and keep more cash liquid rather than tying it all up in the new home.

A monthly mortgage payment may not be required, but you remain responsible for property taxes, homeowners insurance, maintenance, and keeping the home as your primary residence. A HECM for Purchase is not right for everyone, so careful education matters.

Listen to the episode and explore whether moving: or staying: better fits your retirement plan:
https://reverse-mortgage-colorado.net/podcast/aging-in-place-or-not-should-you-stay-or-should-you-go/

What happens when you need retirement income during a bad market year? Selling investments after a decline can lock in l...
10/15/2026

What happens when you need retirement income during a bad market year? Selling investments after a decline can lock in losses. If the money comes from an IRA or 401(k), the withdrawal may also be taxable and could affect future Medicare premiums.

In my solo podcast, “A HECM Is More Than a Loan: Three Strategies for Retirement Income, Care, and Taxes,” I explain how a HECM standby line of credit may provide another option. It could help you cover needs without selling investments during a downturn. Reverse mortgage proceeds are loan proceeds, not income, though a HECM includes costs, interest, eligibility requirements, and isn’t right for everyone.

Listen here: https://reverse-mortgage-colorado.net/podcast/an-hecm-is-more-than-a-loan-three-strategies-for-retirement-income-care-and-taxes/

Please consult qualified tax and financial professionals before making decisions. My goal is education, not pressure.

If you want to remain in your home, planning ahead can help you stay safer and more independent. 🏠In my latest podcast e...
10/14/2026

If you want to remain in your home, planning ahead can help you stay safer and more independent. 🏠

In my latest podcast episode, “Aging in Place... or Not: Should You Stay or Should You Go?”, learn how a HECM line of credit may help fund future needs such as:

• Stair lifts and zero-threshold ramps
• Widened doorways and curbless showers
• Grab bars and other accessibility updates
• Home health aides or adult daycare later on

A HECM line of credit may grow over time, but growth is not guaranteed. You remain responsible for property taxes, homeowners insurance, home maintenance, and other loan obligations. A reverse mortgage is not right for everyone, so careful education matters.

Listen to the episode and explore whether aging in place could fit your plans:
https://reverse-mortgage-colorado.net/podcast/aging-in-place-or-not-should-you-stay-or-should-you-go/

I often hear that a reverse mortgage is only for people who have run out of options. That’s a misconception worth examin...
10/13/2026

I often hear that a reverse mortgage is only for people who have run out of options. That’s a misconception worth examining.

A HECM can be more like a fire extinguisher than a life raft: a tool you prepare before a crisis, not something you reach for only after the kitchen is already on fire.

Retirement income researchers including Dr. Wade Pfau, Barry Sacks, and Harold Evensky have explored how establishing a line of credit early, and using it strategically during down markets, may help protect a portfolio and make retirement income last longer. It’s not right for everyone, and it deserves careful, personalized analysis.

In my latest solo podcast, I discuss three potential strategies involving retirement income, future care needs, and taxes, along with why timing and planning matter.

Listen here: https://reverse-mortgage-colorado.net/podcast/an-hecm-is-more-than-a-loan-three-strategies-for-retirement-income-care-and-taxes/

Aging in place can be a good fit: but it isn’t the only option. Sometimes, moving can make daily life safer, simpler, an...
10/12/2026

Aging in place can be a good fit: but it isn’t the only option. Sometimes, moving can make daily life safer, simpler, and more connected.

Three reasons to consider a move:

1. Your house becomes an obstacle. Stairs, a tub instead of a walk-in shower, yard work, and shoveling snow can become increasingly difficult.

2. You want more connection. After a spouse passes, a large home may feel isolating. A smaller home or more social community could help you stay connected.

3. You want a simpler life. Less upkeep can mean more time for grandchildren, travel, hobbies, and the people you enjoy.

In his solo podcast episode, Bruce Simmons explores the questions worth asking before deciding whether to stay: or go. Listen and consider which choice may best support your next chapter:
https://reverse-mortgage-colorado.net/podcast/aging-in-place-or-not-should-you-stay-or-should-you-go/

Are reverse mortgages expensive? Let’s look at one cost bucket by bucket. 💡Bucket 2 is the origination fee. For an FHA-i...
10/09/2026

Are reverse mortgages expensive? Let’s look at one cost bucket by bucket. 💡

Bucket 2 is the origination fee. For an FHA-insured HECM, HUD caps it at 2% of the first $200,000 of the home’s value, plus 1% of any amount above $200,000, with a maximum of $6,000.

That cap is a ceiling: not a requirement. I rarely charge the maximum, and I always show clients exactly what I charge so there are no surprises.

🎙️ In my solo podcast episode, “Are Reverse Mortgages Expensive? A Cost Breakdown, Bucket by Bucket,” I walk through the costs in clear, straightforward language.

Listen here: https://reverse-mortgage-colorado.net/podcast/are-reverse-mortgages-expensive-a-cost-breakdown-bucket-by-bucket/

What if your HECM line of credit could become a larger financial resource over time? 💡In my latest solo podcast, I expla...
10/08/2026

What if your HECM line of credit could become a larger financial resource over time? 💡

In my latest solo podcast, I explain how the unused portion of a HECM line of credit can grow each month at the same rate your loan balance grows. Your interest rate plus the 0.5% mortgage insurance premium.

For example, a $100,000 available line could be roughly $106,500 a year later at today’s rates. If you never draw on that available amount, it generally doesn’t have to be repaid. But this growth is not guaranteed, the loan balance also grows, and using a HECM may mean less home equity later. It isn’t right for everyone.

I break down this strategy (along with retirement income, care needs, and taxes) in my episode, “A HECM Is More Than a Loan: Three Strategies for Retirement Income, Care, and Taxes.”

Listen and decide whether it deserves a place in your retirement conversation: https://reverse-mortgage-colorado.net/podcast/an-hecm-is-more-than-a-loan-three-strategies-for-retirement-income-care-and-taxes/

Address

1932 W 33rd Avenue
Denver, CO
80211

Opening Hours

Monday 8:30am - 5:30pm
Tuesday 8:30am - 5:30pm
Wednesday 8:30am - 5:30pm
Thursday 8:30am - 5:30pm
Friday 8:30am - 5:30pm

Telephone

+13034677821

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