Bruce Anderson, CRMP® and Gordon Mitchell  at  Legacy Mortgage are the most experienced and knowledgeable reverse mortgage consultants and loan originators in the State of New Mexico. Bruce was the first to earn the Certified Reverse Mortgage Professional designation in New Mexico. He  has been a member of the National Reverse Mortgage Lenders Association (NRMLA) for over four years. NRMLA is the foremost authority in the reverse mortgage industry and the leading association in ethics and integrity for the reverse mortgage industry.

A reverse mortgage is a loan available to people over 62 years of age that enables borrowers to convert part of the equity in their home into cash for monthly draws, a line of credit or mortgage payoff. The loan is called a reverse mortgage because the traditional mortgage payback stream is reversed. Instead of making monthly mortgage payments to a lender (as with a traditional mortgage), the lender makes payments to the borrower.

The Legacy Reverse Mortgage Team services the state of New Mexico in the cities of: Albuquerque, Rio Rancho, Santa Fe, Farmington, Las Cruces, and the state of Texas.  The team has educated hundreds of seniors and real estate professionals about the reverse mortgage program and is New Mexico’s most experienced and trained experts in the field.  They work with many financial planners, accountants, insurance agents and lawyers and offer quality information and alternatives for retirement planning. Contact us today for preliminary figures and an explanation of the Reverse Mortgage calculator.