Longbridge Financial can assist in making the most of your reverse mortgage to help you have a more comfortable financial future.
Longbridge is committed to helping you find the right financial option, based solely on your needs and retirement goals. Discover the possibilities, including how much cash you can receive, by contacting me at (707) 985-2170 or by email at jlitzelfelner@longbridge-financial.com.
HECM Reverse Mortgage
A HECM reverse mortgage includes a fixed or variable interest rate. Depending on your financial needs and circumstances, you can choose to receive your cash:
- In a single upfront payment, often up to 60% of the available proceeds.
- Spread out, in the form of recurring monthly installments.
- As needed, in a credit line.
- You can also select a mixture of these choices, for example, taking an initial lump-sum payment and then having the remainder available as a credit line.
HECM For Purchase Reverse Mortgage
Do you want to buy a home that will better meet your lifestyle, either today or in the future? Longbridge Financial also offers a HECM for Purchase reverse mortgage.
Longbridge Platinum
Should you have a high-value house or condo, we offer Longbridge Platinum, a proprietary, non-government insured reverse mortgage loan. Like a traditional Home Equity Conversion Mortgage, Longbridge Platinum was created for homeowners age 55+* and over; but Platinum’s program flexibility allows eligible borrowers access to more available cash, reduced upfront costs, and a low, fixed interest rate.
