Whatever Your Financial Priority, There’s a Platinum Solution — Here’s How to Choose

Your home equity represents years of hard work. And when the time comes to put that equity to work, how you access it can matter just as much as how much you access.

Maybe you have a major expense on the horizon and want a larger amount of cash upfront. Maybe you’d rather have funds available to draw from when you need them. Or perhaps accessing some of your equity today is important — but so is preserving a portion for the future.

That’s why Platinum by Longbridge isn’t a one-size-fits-all reverse mortgage.

Platinum offers distinct solutions — Platinum Fixed, Platinum Line of Credit¹, and Platinum Preserve®²— designed around different financial priorities. Depending on your goals, one may make more sense for you than another.

So, how do you choose?

First, What Is a Platinum Reverse Mortgage?

Platinum by Longbridge is our proprietary reverse mortgage designed to give eligible homeowners greater flexibility and more options for accessing their home equity. Unlike the FHA-backed Home Equity Conversion Mortgage (HECM), Platinum is exclusive to Longbridge and offers features designed to expand what’s possible with a reverse mortgage.

Platinum offers loan amounts up to $4 million³ and is available to homeowners as young as 55⁴, with a wider range of eligible home values and expanded eligibility for condos. For some homeowners, these differences may also mean access to more home funds.

Like a HECM, Platinum has no required monthly mortgage payments. Of course, like any mortgage, you must meet your loan obligations, such as keeping current with property taxes, homeowners insurance, and home maintenance. Platinum is also non-recourse, meaning you or your heirs will not owe more than the home is worth when it’s sold and the loan is repaid.

But what really sets Platinum apart is the flexibility to choose a solution based on what you want your home equity to do for you.

If Your Priority Is More Cash Upfront: Consider Platinum Fixed

Sometimes, your financial priority is right in front of you.

You may want to pay off an existing mortgage, consolidate higher-interest debt, complete a major home renovation, cover medical expenses, or make another significant purchase. In those situations, accessing a larger amount of your available home equity at once may be the priority.

Platinum Fixed is designed for homeowners who want a one-time lump sum payout at a fixed interest rate.

When might Platinum Fixed make sense?

Platinum Fixed may be worth considering if:

• You have a significant expense or financial obligation to address now.
• You prefer the predictability of a fixed interest rate.
• You want your available proceeds in one lump sum rather than accessing funds over time.
• Paying off an existing mortgage or consolidating higher-interest debt is a priority.

The simple takeaway: If your primary goal is accessing a larger amount of cash upfront, Platinum Fixed may be the option that most closely aligns with what you’re looking for.

If Your Priority Is Flexibility: Consider Platinum Line of Credit¹

What if you want access to home equity — but don’t need all of your available funds today?

That’s where Platinum Line of Credit¹ comes in.

This adjustable-rate option allows you to receive cash upfront while establishing a reusable line of credit you can access later.

That flexibility can make it useful for homeowners who want a financial resource available for expenses that may arise down the road.

Perhaps you’re planning home improvements over several years. Maybe you want funds available for future medical costs. Or you simply like knowing that you have another source of funds available when life doesn’t go exactly according to plan.

When might Platinum Line of Credit¹ make sense?

You may want to consider the Line of Credit¹ if:

• You need some funds now, but want additional funds available later.
• You prefer to draw from your available home equity as expenses arise.
• You want to establish a financial “safety net” for unexpected costs or life events.
• Flexibility is more important to you than receiving all of your available proceeds upfront.

The simple takeaway: If your priority is having home equity available when you need it — not necessarily all at once — the Platinum Line of Credit¹ may offer the flexibility you’re looking for.

If Your Priority Is Preserving Equity for Later: Consider Platinum Preserve®²

Accessing home equity today doesn’t necessarily mean you want to use all the equity available to you.

For some homeowners, the bigger priority is finding a balance: use some home equity now while intentionally preserving a portion for later.

Platinum Preserve® was designed with that goal in mind.

With Platinum Preserve®², eligible homeowners can access some cash now while setting aside 10% to 40% of their home equity for future goals, such as relocating later in life or leaving a legacy to their estate.

The preserved portion is returned to you or your estate when the loan is paid off, subject to the terms and conditions of the Platinum Preserve®² program.

When might Platinum Preserve®² make sense?

Consider Platinum Preserve®² if:

• You want access to some of your home equity today.
• Preserving a portion of your equity is also important to you.
• You’re thinking about leaving home equity to your heirs or estate.
• You want to keep some equity available for a future goal, such as relocating.

The simple takeaway: If you’re looking for a balance between accessing home equity today and preserving some for tomorrow, Platinum Preserve®² may be the right fit.

Platinum Fixed vs. Line of Credit¹ vs. Preserve®²: What’s the Difference?

Here’s an easy way to think about the three options:

Your Priority	Platinum Solution	How It Works
Access more cash upfront	Platinum Fixed	Receive a one-time lump sum at a fixed interest rate
Keep funds available for later	Platinum Line of Credit1	Receive cash upfront plus access to a reusable, adjustable-rate line of credit
Access cash while preserving equity	Platinum Preserve®2	Access funds now while setting aside 10-40% of your equity for future goals

What Can You Use a Platinum Reverse Mortgage For?

Platinum reverse mortgage proceeds can be used for a wide variety of financial priorities. After any existing mortgages and/or liens are paid off, the remaining proceeds are yours to use as you choose.

That might include consolidating other debts, covering medical expenses, making home repairs or improvements, or even purchasing another eligible home or condo. Platinum can also be used to refinance an existing reverse mortgage to access more available cash.

Your Platinum solution doesn’t have to be tied to just one financial priority. Your home equity can help you address something important today while giving you greater flexibility for what comes next.

So, Which Platinum Option Is Right for You?

Start with your biggest priority.

Want more cash upfront? Platinum Fixed may be worth exploring.

Want flexible access to funds over time? Take a closer look at Platinum Line of Credit¹.

Want to access equity today while preserving a portion for later? Platinum Preserve®² may offer the balance you’re looking for.

Still not sure? A licensed Longbridge professional can help you compare your options and provide you the information to determine which Platinum solution best fits your financial priorities.

Contact the Longbridge team today to explore your Platinum options.