Longbridge Financial can help you make the most of your reverse mortgage to have a more secure financial future.
We’re committed to helping you find the best option, based solely on your unique needs and retirement goals. Explore the possibilities, including how much money you can get, by contacting me at (281) 819-0836 or via email at tvelte@longbridge-financial.com.
Home Equity Conversion Mortgage
A HECM reverse mortgage features a variable or fixed interest rate. Depending on your financial circumstances and needs, you can select to receive your money:
- As needed, in a line of credit.
- In an upfront lump sum, typically up to 60% of the available proceeds.
- Spread out, as recurring monthly installments.
- You may also select a mix of these options, for example, receiving an upfront lump-sum amount and then having the remainder available as a credit line.
HECM for Purchase Reverse Mortgage
Do you want to buy a house that will better meet your lifestyle, either today or in the years to come? Longbridge also offers a HECM for Purchase reverse mortgage.
Platinum Reverse Mortgage
If you own a high-value house or condo, Longbridge Financial offers a proprietary, non-government insured reverse mortgage product – Longbridge Platinum. Similar to a traditional HECM, this product was created for borrowers ages 55+* and over; but Platinum’s program flexibility offers eligible borrowers access to more available funds, lower upfront costs, and a low, fixed rate.
