Longbridge Platinum allows clients to access more available cash as compared to a traditional HECM loan—with a full upfront draw at a low, fixed rate. It features:
- No monthly mortgage payments*
- Low upfront cost with zero origination fee options
- Streamlined process for Platinum clients
- No monthly servicing fee for HECM Advisor Network members, saving clients thousands of dollars over the life of the loan
- More flexibility and is competitive with many forward mortgage and HELOC programs
The power of Platinum has many advantages for your clients.
Unlocking home equity can help clients extend the life of their assets in retirement. Now, with Longbridge Platinum, high-value homeowners can reap all the benefits that a reverse mortgage has to offer—and leave higher-performing investments to grow over time, while using the proceeds to:
- Eliminate monthly mortgage payments
- Generate tax-free income to use any way they wish
- Buy a house or condo better suited for their retirement needs, such as an active lifestyle community
And benefits for your business.
With Longbridge Platinum, you can better serve your client base and grow your business by incorporating a retirement strategy specifically designed for those with higher-value homes.
Contact us and ask a Longbridge Financial expert about it today.
*Real estate taxes, homeowners insurance, property maintenance required.