Longbridge Financial can help you make the most of your reverse mortgage for a more comfortable financial future.
We’re dedicated to helping you discover the right option, based solely on your needs and financial goals. Explore the possibilities, including how much cash you could receive, by contacting me at (916) 931-1040 or via email at mparks@longbridge-financial.com.
HECM Reverse Mortgage
The HECM reverse mortgage features a fixed or variable interest rate. Depending on your financial circumstances and needs, you can choose to receive your funds:
- As required, in a line of credit.
- In an upfront lump sum, often up to 60% of the available funds.
- Over time, in the form of recurring installments.
- Borrowers can also choose a mixture of these options, for example, taking an upfront lump-sum amount and then having the balance available as a line of credit.
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 Financial also provides a HECM for Purchase reverse mortgage to buy a new home in the Bakersfield area.
Jumbo Reverse Mortgage
If you own a high-value house or condominium, we offer Longbridge Platinum, a proprietary, non-government insured reverse mortgage program. Similar to a traditional HECM, this product was created for homeowners ages 55+* and over; but Platinum’s program flexibility provides eligible borrowers access to more available money, lower closing costs, and a low, fixed rate.
