Longbridge Financial

Get an Estimate Review Your Estimate Below

Curious to see just how much your client could receive?
Use our simple HECM Calculator below to run different client scenarios to share in your next conversations.

To receive a more detailed quote with more program options, including our exclusive advisor pricing, you may continue-or to run another scenario, go back to the calculator.

To receive a more detailed quote with more program options, including our exclusive advisor pricing, you may continue-or to run another scenario, go back to the calculator.

Reverse Mortgage Calculator

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Reverse Mortgage Estimate

Choose the option that's right for your client.

Based on the value of their home, your client may be eligible for the
Traditional FHA HECM or the Longbridge Platinum Fixed or Platinum Line of Credit reverse mortgage.

Your Estimate Details

Mortgage Payoff paid by the HECM:

This can free up monthly cash flow.

Mortgage Payoff paid by the Client:1

To complete this loan, the client would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Total Available Proceeds:1

( funds available at closing with the remaining available after 12 months). These tax free proceeds can be used for any purpose. Loan costs are not included.

Equity Reserve:2

This is the equity reserve still remaining in the home.

Projected Credit Line Growth

Estimated based on current and forward interest rates and margin from current HECM pricing. Please obtain a quote for more exact numbers and details.
  • Projected credit line would grow to by age
  • Funds could be drawn for home care or any other purpose
  • No additional income taxes on HECM funds used
  • No disruption to portfolio performance or lifestyle

To receive a detailed quote with more program options, including exclusive advisor pricing, please click continue.

Your Estimate Details

Mortgage Payoff paid by the HECM:

This can free up monthly cash flow.

Mortgage Payoff paid by the Client:1

To complete this loan, the client would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Total Available Proceeds:1

No limits on the initial draw - unlike traditional HECM, clients receive the full loan proceeds at closing. These tax-free proceeds can be used for any purpose. Loan costs are not included.

Equity Reserve:2

This is the equity reserve still remaining in the home.

  • Full upfront draw at a low, fixed rate
  • Low upfront cost with $0 origination fee options
  • Streamlined process for Platinum clients

To receive a detailed quote with more program options, including exclusive advisor pricing, please click continue.

Your Estimate Details

Mortgage Payoff paid by the HECM:

This can free up monthly cash flow.

Mortgage Payoff paid by the Client:1

To complete this loan, the client would be required to pay a portion of the remaining mortgage balance. Please contact one of our account executives to discuss possible options.

Total Available Proceeds:1

Your client is required to take at least 25% of the available proceeds at closing, up to a maximum amount of 75%. The remaining proceeds can be accessed as a reusable line of credit, which can be drawn upon and repaid repeatedly during the first 10 years.

Equity Reserve:2

This is the equity reserve still remaining in the home.

  • 10-year reusable line of credit that grows, better than a HELOC
  • Low upfront costs
  • No monthly mortgage payments required3 (client may choose to make them if they wish)
  • No penalties for prepayment
  • Income tax-free funds4 that can be used for any purpose

To receive a detailed quote with more program options, including exclusive advisor pricing, please click continue.

1Certain restrictions and assumptions apply.
2Interest will accrue on the outstanding loan amount and be added to the loan balance. Remaining equity displayed is an estimate at the commencement of the loan. Remaining equity is not guaranteed as the loan balance grows.
3Real estate taxes, homeowners insurance, and property maintenance required.
4Clients should consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.
Already working with a Longbridge Financial representative?
Contact your representative directly.

Reverse Mortgage Estimate

Choose the option that's right for your client.

Based on the value of their home, your client may be eligible for the
Traditional FHA HECM or the Longbridge Platinum Fixed or Platinum Line of Credit reverse mortgage.

Here's a quick snapshot of each product.

Product
HECM
Platinum Fixed
Platinum LOC
How much can be borrowed?
Up to $822,375
Up to $4,000,000
Up to $4,000,000
Total proceeds
TBD
TBD
TBD
Proceeds available at closing*
TBD
TBD
TBD
Line of Credit growth
YES
NO
YES
Closing Costs
Closing costs can vary depending on the loan program your client chooses. Please contact one of our consultants to see which program best fits your clients needs.

Traditional HECM

Lowest interest rate • Adjustable rate

Platinum Fixed

Low upfront costs • Fixed rate • Full-draw loan

Platinum LOC*

Low upfront costs • Adjustable rate • Better than a HELOC

*Your client is required to take at least 25% of the available proceeds at closing, up to a maximum amount of 75%. The remaining proceeds can be accessed as a reusable line of credit, which can be drawn upon and repaid repeatedly during the first 10 years.

Already working with a Longbridge Financial representative?
Contact your representative directly.

Reverse Mortgage Estimate

We protect your clients' privacy, and we will not contact them directly
* indicates required field. Longbridge Financial LLC is committed to keeping your email address confidential. We do not sell, rent or lease subscription lists to third parties and we will not provide your personal information to any third party, individual, government agency or company at any time unless compelled to do so by law. We will use your email address solely to provide information that's relevant to your request. We will maintain the information you provide via email in accordance with applicable federal law.
By submitting your phone number you are providing your signature and express “written” consent to having Longbridge Financial LLC or our mortgage partners contact you about your inquiry at the phone number you have provided. You agree to be contacted via a live or automated prerecorded telephone call, text message, or email even if you have previously registered on a “do not call” government registry or requested Longbridge to not send marketing information to you. You understand that your telephone company may impose charges on you for these contacts, and you are not required to enter into this agreement as a condition of any Longbridge products or services. You understand that you can revoke this consent at any time by calling Longbridge Financial at 855-246-1765. For information on how we collect and use personal information, please see our Privacy Notice.
Thank you for your request.
One of our HECM Consultants will be in touch with you shortly.
ADVISOR HELP LINE
855-246-1765

"Longbridge has been very easy to work with, making the reverse mortgage easy for me and for my clients. They make sure everyone really understands how the program works and their responsibilities. Plus their pricing saves clients a lot of money!"

Steve B, TX

"I have used Longbridge for reverse mortgages for two of my clients over the last year. I plan to continue to use this group as an additional arrow in my quiver of planning resources. I would strongly encourage any open minded planner to use reverse mortgages for select clients…"

Daryl C, TX

"Longbridge is very easy to work with an responsive to all questions about reverse mortgages."

John M, GA