Using a Reverse Mortgage to Cover Everyday Expenses
Imagine having the financial freedom to take that trip you’ve always wanted, dine out at your favorite restaurants, or catch the latest movie without worrying about your budget. A reverse mortgage gives you the power to tap into the equity you’ve built up over the years, turning it into a steady stream of funds that […]
New Florida Law Lowers Taxes on Reverse Mortgages
Great news for Florida residents! Governor Ron DeSantis recently signed House Bill (HB) 7073 into law, effective July 1, 2024, which changes some requirements for reverse mortgages in Florida. One of the significant changes involves the “documentary stamp tax,” that applies to real estate documents, including mortgages. Previously, if you took out a reverse mortgage […]
Managing Soaring Health Costs on a Fixed Budget
Content updated as of February 28, 2024 According to a recent study, healthcare costs are the top spending concern of American retirees1 – and justifiably so. For most Americans, health care is expected to be one of the largest expenses faced in retirement, alongside housing and transportation. In fact, Fidelity’s Retiree Health Care Cost Estimate […]
Top Reverse Mortgage Companies 2024: The Reviews Are In
We can all benefit from some additional cash flow – especially in retirement years. Whether you wish to keep more money on hand for everyday expenses, consolidate credit card balances or other debts, make long-desired home modifications, or even establish a line of credit for future expenses – there is no shortage of ways to […]
Longbridge CEO joins the lineup for HousingWire Annual
This week, HW Media announced that our very own CEO, Chris Mayer, will be a part of the programming at HousingWire Annual, the company’s premiere in-person event. According to Clayton Collins, CEO of HW Media, the inclusion of Mayer is a recognition of the role that reverse mortgage products can play in the larger housing […]
How Longbridge Aims to Expand Its Lead in Reverse Mortgage Wholesale
Leading reverse mortgage lender and servicer Longbridge Financial has announced a major milestone – the company has taken over the #1 position in Wholesale, with 26.5% market share in HECM endorsements as of May 2023! “Becoming the industry’s leading wholesale lender has long been a goal of ours, and it is gratifying to see our […]
Longbridge Financial is Great Place to Work-Certified™!
Have you heard the news? Longbridge Financial is Great Place to Work-Certified™! This recognition is based entirely on what our employees report about their workplace experience. Check out what the Longbridge team had to say in this latest video.
Longbridge Renews Subservicing Partnership with Celink
Paramus, NJ-based leading reverse mortgage lender and servicer, Longbridge Financial and Lansing, MI-based reverse mortgage subservicer Compu-Link Corporation (Celink) have announced that they’ve renewed their subservicing relationship for a new term. The Longbridge-Celink partnership was first established in 2015. Over the 7-year period since, both organizations have worked to streamline processes and overall customer service. […]
Ladies Who Lead: Theresa Antonucci
In standing with International Women’s Day in their mission to spread gender equality and #BreakTheBias, we are highlighting women’s achievements all month long. And what better place to start than with some of our very own women leaders right here at Longbridge? In this latest installment of our “Ladies Who Lead” blog series, we met […]
Ladies Who Lead: Nelly Argento
International Women’s Day is March 8th. And at Longbridge Financial, we proudly stand with International Women’s Day in their mission to #BreakTheBias and forge women’s equality. That’s why we’re celebrating all month long, highlight women’s achievement starting right here with our Longbridge women leaders. For this latest installment of our “Ladies Who Lead” series, we […]
Ladies Who Lead: Laura Cullen
As we continue our celebration of International Women’s Day through the month of March, we are pleased to highlight some of the achievements and breakthroughs of women leaders – starting right here with our Longbridge team. In a mission to #BreakTheBias, we proudly stand with International Women’s Day in their commitment to forge women’s equality. […]
Ladies Who Lead: Rose Laprus
A global day of celebrating women’s achievement, we at Longbridge Financial are celebrating International Women’s Day (March 8) all month long. As we stand with International Women’s Day in their mission to take action for equality and #BreakTheBias, we’re proud to highlight some of our own women leaders here at Longbridge. In this installment of […]
What Does Your Credit Score Mean for a Reverse Mortgage?
When it comes to applying for a mortgage loan – whether forward or reverse – there are several requirements you will need to meet. In the case of a traditional ‘forward’ mortgage, perhaps the most intimidating of these requirements is having a sufficient credit score. After all, the higher your credit score, the better your […]
Confronting Entertainment Costs in Retirement
What’s one of the biggest perks of retirement? For many, it’s having a flexible schedule – and more time for the things you love. According to research, retirees are expected to spend a collective 2.5 trillion hours of leisure time1 over the next two decades. So, how are they planning on spending this time? You […]
Confronting Healthcare Costs in Retirement
When it comes to expenses in retirement, healthcare costs have the potential to be a big-ticket item. And as inflation surges in healthcare outpace the rate of general inflation, these costs are only mounting. For workers nearing or entering retirement, healthcare costs are expected to consume a portion of their retirement budget – a concern […]
Confronting Housing Costs in Retirement
Where are today’s seniors spending the most? You may have guessed it – housing. Learn more about paying for housing in retirement in our latest video.
Top Reverse Mortgage Companies: 2022
From paying bills, to establishing a financial ‘safety net’, to funding the retirement lifestyle of your dreams, or even just keeping more cash on hand to combat rising inflation rates – today’s reverse mortgages have become an increasingly popular option amongst retirees. And for good reason. With homeowners ages 62 and older accounting for over […]
Confronting the Costs of Retirement: Entertainment
It’s no secret that one of the biggest perks of retirement is having a flexible schedule – and more time for the things you love. In fact, over the next two decades, retirees are expected to spend a collective 2.5 trillion hours of leisure time1. So, how are retirees spending this newfound time? You may […]