Hi, I’m Bruce Simmons, your Reverse Mortgage Professor. If the idea of a reverse mortgage has crossed your mind but left you feeling confused or unsure where to begin, this episode is just for you. Today, I’m taking you step-by-step through the entire reverse mortgage process—seven clear stages that will help you understand how to unlock the cash tied up in your home safely and confidently. From the moment you hear about reverse mortgages to the day you close your loan, I’ll walk you through what to expect and how to make the right decisions for your retirement.

What You’ll Learn:

• Awareness: How to move from simply hearing about reverse mortgages to truly understanding if it’s right for you
• Learning More: The importance of exploring your loan options and gathering the facts before making any decisions
• Counseling: Why meeting with a housing counselor is a required and valuable step—not a barrier
• Application: What information and documentation you’ll need to submit when applying for a reverse mortgage
• Processing: How your application is reviewed and verified behind the scenes to ensure everything is in order
• Underwriting: What happens during loan approval and how lenders assess your eligibility and financial situation
• Closing: What to expect on closing day and how you’ll gain access to the funds from your home equity

By the end of this episode, you’ll have a clear roadmap of the reverse mortgage journey that removes confusion and replaces it with confidence. You’ll know what each step means, why it matters, and how it fits into your bigger plan for a secure and comfortable retirement. If you’ve been hesitant or overwhelmed by the reverse mortgage process, this seven-step guide will give you the clarity you need to take control of your financial future. Tune in, learn what it takes, and take that first step toward unlocking your home’s potential on your terms.

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.