Longbridge Financial Spotlights Reverse for Purchase in HousingWire

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Longbridge Financial’s Adrian Prieto and Rob Cooper recently sat down with HousingWire to discuss the opportunities and benefits of the relatively unknown and underutilized Reverse for Purchase product.

Prieto notes that the Reverse for Purchase gives borrowers the option to “right-size” to a new home based on their individual goals and lifestyle. Cooper adds, “The big difference is that monthly mortgage payments are optional so long as the borrower continues to maintain the home and pay their property taxes and insurance.”

With regard to professionals in the real estate market, HousingWire comments, “Real estate agents, loan officers and builders can attract customers they have never captured before. They can help mature customers who have looked at multiple homes and shown all the buying signals but never transacted — for a variety of reasons, but largely due to finances.”

Read the full article on HousingWire to learn how Longbridge plans to expand education efforts and reach this underserved market.

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By submitting your phone number you are providing your signature and express “written” consent to having Longbridge Financial LLC 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 855-523-4326.

For information on how we collect and use personal information, please see our Privacy Notice.