Longbridge Financial can assist in making the most of your reverse mortgage, to help you have a more comfortable retirement.
Longbridge is dedicated to helping our clients discover the best program, based entirely on their needs and financial goals. Explore the possibilities, including how much cash you can get, by contacting me at (949) 409-1704 or by email at jschwegman@longbridge-financial.com.
Home Equity Conversion 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:
- As an upfront lump sum, typically up to 60 percent of the available funds.
- Over time, as monthly installments.
- As required, in the form of a credit line.
- Borrowers can also choose a mixture of these options, for example, taking an initial lump-sum amount and then having the rest available as a line of credit.
HECM For Purchase Reverse Mortgage
Do you want to buy a house that will better meet your lifestyle, either now or in the future? Longbridge Financial also provides a HECM for Purchase reverse mortgage for homes in Nipomo.
Platinum Mortgage
Should you have a high-value house or condo, Longbridge Financial offers a proprietary, non-government insured reverse mortgage loan – Longbridge Platinum. Like a traditional reverse mortgage, Platinum is designed for borrowers age 55+* and over; but Platinum’s program flexibility provides eligible borrowers access to more available money, decreased upfront costs, and a low, fixed rate.
