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 you find the right program, based solely on your unique needs and financial goals. Discover the possibilities, including how much money you could receive, by contacting me at (818) 825-1773 or by email at msimons@longbridge-financial.com.
HECM Reverse Mortgage
The HECM reverse mortgage includes a variable or fixed rate of interest. Depending on your financial needs and circumstances, you can select to collect your money:
- In a single upfront payment, typically up to 60 percent of the available amount.
- Spread out as monthly payments.
- When you need it, in a growing credit line.
- You can also choose a combination of these options, for example, taking an initial lump-sum amount and then having the rest available as a credit line.
HECM For Purchase Reverse Mortgage
Would you like to purchase a house to better meet your lifestyle, today and in the years to come? Longbridge Financial also offers a HECM for Purchase reverse mortgage.
Longbridge Platinum
If you own a higher-value house or condo, we offer a non-government insured, proprietary reverse mortgage program. Like a traditional HECM, this product was created for homeowners age 55+* and over; but Platinum’s program flexibility offers eligible borrowers access to more available money, lower upfront costs, and a low, fixed rate.
