Longbridge Financial can assist in making the most of your reverse mortgage, to help you have a more comfortable retirement.
Longbridge is committed to helping you find the best option, based entirely on your needs and financial goals. Explore the possibilities, including how much cash you can get, by contacting me at (949) 409-4220 or by email at kfaulkner@longbridge-financial.com.
Home Equity Conversion Mortgage
A HECM reverse mortgage features a variable or fixed rate of interest. Depending on your financial needs and circumstances, you can choose to collect your funds:
- As an upfront lump sum, usually up to 60 percent of the available amount.
- Dispersed, as monthly installments.
- As required, in in the form of a line of credit.
- Borrowers can also choose a mix of these options, for example, taking an initial lump-sum payment, and then having the remainder available as a line of credit.
HECM For Purchase Reverse Mortgage
Do you want to purchase a home that will better fit your needs, either today or in the future? Longbridge also offers a HECM for Purchase reverse mortgage.
Longbridge Platinum
If you have a higher-value house or condominium, Longbridge offers a proprietary, non-government insured reverse mortgage loan. Similar to a traditional reverse mortgage, Longbridge Platinum was created for homeowners age 55+* and over; but Platinum’s program flexibility offers eligible homeowners access to more available money, reduced upfront costs, and a low, fixed interest rate.
