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How do Fed rate cuts influence your reverse mortgage? 💰 In this episode of Reverse Mortgage Radio, Bruce Simmons, Colorado's trusted reverse mortgage expert, breaks down the connection between Federal Reserve rate cuts and the impact on both existing and potential reverse mortgage borrowers. Discover how changes in interest rates affect your home equity and borrowing power through a HECM (Home Equity Conversion Mortgage). As a Certified Reverse Mortgage Professional (CRMP) with over 22 years of experience, Bruce explains the nuances of reverse mortgages, dispels common myths, and highlights why this financial tool can unlock the full potential of your home equity for a stress-free retirement. Whether you're looking to tap into your home’s equity or understand the growth potential of a reverse mortgage line of credit, Bruce provides clear, actionable insights tailored for homeowners 62 and older in Colorado. Curious about how this week’s Fed rate cut could impact your financial freedom in retirement? Contact Bruce Simmons directly for personalized advice. Call or text Bruce at (303) 513-2748, or visit his website at reversemortgageradio.net to access free resources, tools, and testimonials. Bruce Simmons – Reverse Mortgage Manager, American Liberty Mortgage NMLS #409914 | Regulated by DORA | Equal Housing Lender Your home is more than just a house—it’s a way forward. Let Bruce Simmons show you how! #reversemortgagespecialist #reversemortgageloanamounts #hecmreversemortgage #reversemortgagefees #retirementplanning CHAPTERS: 00:00 - Intro 00:48 - What is a Reverse Mortgage 05:24 - Federal Reserve Control Explained 07:57 - Federal Reserve Impact on Reverse Mortgages 14:31 - Implications for Current Reverse Mortgage Borrowers 16:42 - Benefits of the Line of Credit 21:50 - Considerations for Prospective Reverse Mortgage Borrowers 24:49 - Effects of Fed Rate Cut on Reverse Mortgages 28:30 - End of Show