Longbridge Financial can assist in making the most of your reverse mortgage for a more comfortable retirement.
We’re committed to helping you discover the best option, based solely on your unique needs and financial goals. Explore the possibilities, including how much cash you could get, by contacting me at (951) 272-3350 or by email at mgodfrey@longbridge-financial.com.
Home Equity Conversion Mortgage
The HECM reverse mortgage includes a variable or fixed interest rate. Depending on your financial circumstances and needs, you can select to collect your funds:
- As required, in a credit line.
- As an upfront lump sum, often up to 60 percent of the available amount.
- Over time, in the form of recurring monthly installments.
- You can also choose a combination of these options, for example, receiving 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 home to better fit your lifestyle, either today or in the years to come? Longbridge also offers a HECM for Purchase reverse mortgage for homes in Post Falls.
Platinum Reverse Mortgage
If you have a high-value house or condominium, Longbridge Financial offers a non-government insured, proprietary reverse mortgage program. Similar to a traditional Home Equity Conversion Mortgage, Longbridge Platinum is designed for borrowers age 55+* and over; but Platinum’s program flexibility allows eligible borrowers access to more available money, reduced upfront costs, and a low, fixed rate.
