Longbridge Financial can help you make the most of your reverse mortgage, to help you have a more comfortable financial future. Longbridge is dedicated to helping our clients find the best program, based solely on their needs and retirement goals.
Explore the possibilities, including how much cash you can get, by contacting me at (551) 252-4597 or by email at rphilip@longbridge-financial.com.
Home Equity Conversion 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, usually up to 60% of the available funds.
- Spread out, as monthly payments.
- When you need it, in a line of credit.
- You can also choose a combination of these options, for example, receiving an initial lump-sum payment, and then having the balance available as a line of credit.
HECM For Purchase Reverse Mortgage
Do you want to purchase a home to better meet your needs, now and in the years to come? Longbridge also offers a HECM for Purchase reverse mortgage.
Jumbo Reverse Mortgage
Should you have a higher-value home or condominium, Longbridge offers a non-government, proprietary reverse mortgage product. Similar to a traditional reverse mortgage, this product is designed for borrowers age 55+* and over; but Platinum’s program flexibility offers eligible homeowners access to more available cash, lower upfront costs, and a low, fixed interest rate.
