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 our clients find the right program, based entirely on their needs and retirement goals. Explore the possibilities, including how much money you can receive, by contacting me at (551) 264-5461 or by email at kburns@longbridge-financial.com.
Home Equity Conversion Mortgage
Your HECM reverse mortgage includes a fixed or variable rate of interest. Depending on your financial circumstances and needs, you can select to receive your funds:
- When you need it, in a credit line.
- As a single upfront payment, often up to 60% of the available funds.
- Over time, as monthly payments.
- You may also choose a mix of these options, for example, receiving an upfront lump-sum payment and then having the rest available as a credit line.
HECM For Purchase Reverse Mortgage
Do you want to purchase a home that will better meet your needs, either today or in the years to come? Longbridge also offers a HECM for Purchase reverse mortgage to buy a new home in New Hampshire.
Platinum Reverse Mortgage
Should you have a high-value home or condominium, Longbridge offers a proprietary, non-government insured reverse mortgage – Longbridge Platinum. Similar to a traditional Home Equity Conversion Mortgage, this product is designed for homeowners age 55+* and over; but Platinum’s program flexibility offers eligible homeowners access to more available money, decreased upfront costs, and a low, fixed rate.
