I’m Bobby Friel. I hold both Colorado licenses, so the financing and the real estate side of your move run through one person who knows the whole story — and for homeowners 55 and older, I place reverse mortgages, jumbo reverse programs, and senior-focused HELOCs across the Vail Valley, Denver, and all of Colorado.
A lender who has never seen the contract. An agent who has never seen the loan file. An insurance quote that shows up the week before signing day. That’s the normal setup, and the gaps between those three people are where money and time disappear.
I built this practice so those three conversations happen in one place. I’m the broker on your loan and the agent on your contract — or, if you’re a homeowner over 55 looking at your equity, I’m the person who can show you every option, not just the one a single lender sells.
The first call is a conversation about what’s going on and what we should look at. No presentation. If it makes sense to keep going, we do the application through my client portal, and then the strategy goes on paper with real numbers.
I spent twenty years watching families get bounced between three companies that didn’t talk to each other. So I built one that does. I hold both licenses myself, and I’m on every file personally, because the details are where a move falls apart.
— Bobby Friel · CO Home Equity · Founder
When something changes at 7pm — a counter, a rate move, an appraisal — who on your side can answer "do the numbers still work?" without making a phone call first?
Each path goes straight to the page that answers your question.
If you’re house-rich and watching property taxes, insurance, and the rest of the month eat into a fixed income, a reverse mortgage takes the biggest line out of the month and lets the house do the work. No monthly mortgage payment. You keep the title. You keep the home.
It’s a federally regulated loan with independent counseling built in, non-recourse protection, and heirs who inherit the house — the version people are afraid of hasn’t existed in a long time. As a broker I place the standard HECM and the jumbo programs that reach Vail, Aspen, Boulder, and Denver home values, plus a HELOC for seniors for homeowners who’d rather keep a traditional loan. Which one fits is something we work out together, with your real numbers on paper.
FILE · REVERSE / 55+Sellers in Colorado were never required to pay the buyer’s agent — it was always negotiable, it just became the habit and got buried in the listing. The 2024 changes didn’t rewrite the rule; they dragged it into the open. Now the commission gets discussed up front, on both sides.
That’s exactly where it gets expensive when your agent and your lender don’t talk, because how the commission is handled changes your bottom line and it has to line up with the financing. When one person structures the offer and the loan, that number gets negotiated on purpose.
Illustrative examples based on typical Colorado situations, not specific clients.
They sold the home before the divorce finalized, so it stayed a primary residence and the capital-gains exclusion applied. We timed the sale and both new purchases so each landed in the same school district, and the kids never changed schools.
They needed to sell and buy in the same stretch without floating two mortgages. We prepped and priced the listing, drew multiple offers, and lined the sale up with the next purchase so it was one move, not two.
First-time buyers, underwritten before they wrote. Their financing-backed offer beat a higher cash bid because the seller trusted it would fund. Keys in five weeks.
One conversation to map your whole move — buying, selling, financing, and insurance — coordinated by one licensed broker and agent.
= Estimated net proceeds
$305,875
Working range $290,600–$321,200
After selling costs ($34,125) and your mortgage payoff ($310,000), this is your starting net. Buyer concessions and tax prorations move it a little — we sharpen it together.
That’s your starting number — before payoff timing, concessions, and prorated taxes move it. The exact figure comes from a conversation. Let’s sharpen it together.
Start a conversation
B. FRIELBobby Friel spent twenty years in banking and mortgage before building CO Home Equity. He holds both a Colorado mortgage broker license and a Colorado real estate license, and is on every transaction personally — a high-touch practice, not a call center. He places reverse mortgages, jumbo reverse programs, and senior-focused HELOCs for homeowners 55 and older; HELOCs and purchase loans; and lists and sells homes across Colorado. Insurance runs through our partner, Direct Insurance Services. Based in Edwards, in the Vail Valley. 42 five-star Google reviews. (720) 799-2202 · info@cohomeequity.com.
He’s also been through a divorce himself. That’s a big part of why the divorce side of this practice runs as deep as it does.
Licensed
Mortgage broker + RE agent
Experience
20 years, banking + mortgage
Practice
Every file, personally
Based
Edwards, Colorado
Bobby Friel · Founder, CO Home Equity / Friel-Good Mortgage, Inc. · CO mortgage + real estate licensed
Twenty minutes about what’s going on and what we should look at. Adult children welcome. No presentation.
Calculator figures are estimates. Loan terms depend on your file; sale results depend on the market.
Home loans, reverse mortgages, and home sales in Colorado handled by Bobby Friel, licensed mortgage broker and licensed real estate broker, based in Edwards and serving homeowners and buyers across Colorado. Insurance through our insurance partner. 42 five-star Google reviews. (720) 799-2202 · info@cohomeequity.com.
Bobby Friel · NMLS# 332039 · Friel-Good Mortgage, Inc. · NMLS# 1901977 · Edwards, Colorado
