Reverse Mortgage Loan for Seniors
Welcome to Longbridge Financial, a reverse mortgage lender. A reverse mortgage, also known as a Home Equity Conversion Mortgage (HECM), enables homeowners to unlock the equity in their homes and use it as an added financial resource during retirement. As a dedicated reverse mortgage lender, Longbridge Financial will help you determine if an HECM is right for you, and, if so, to find the best reverse mortgage for your needs.
A reverse mortgage is an important financial tool that lets you safely tap into the equity you’ve built in your home. You receive cash for the things you need or want, while still living in and owning your home. Unlike a traditional mortgage or home equity loan, with a reverse mortgage, you do not need to make monthly payments.
You can use the money from your reverse mortgage in a variety of ways from eliminating an existing mortgage payment to establishing an additional monthly income stream. The money from the reverse mortgage is available to you as a lump sum, monthly income, line of credit, or a combination of these.