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We're proud to support our US Military Active Duty and Veterans.
That's why we offer a $500 discount in honor of those who have served.†
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†Longbridge’s Military Discount Program is subject to change or cancellation at any time and without notice. This program offering is valid for a credit of up to $500.00 off allowable closing costs. This program offering can only be redeemed with Longbridge Financial LLC, and is available to U.S. military veterans, their spouses, and the spouses of deceased veterans. Documentation of military service is required; acceptable documents include DD214 Discharge papers, VA / military identity card, VA benefits summary/award letter for income, and the VA benefits letter. Loans must close and be funded with Longbridge Financial LLC as the lender in order to receive credit. The credit will be applied to the overall cost indicated on the HUD-1 Settlement Statement at the time of the closing. This offer is not available for Home Equity Conversion Mortgage for purchase transactions. This is not an offer to make you a loan, does not qualify you for a loan, and is not an official loan disclosure. Loan disclosures, including a Good Faith Estimate of closing costs, are provided upon receipt of a completed application. All loans are subject to approval. Program, rates, and additional terms and conditions apply and are subject to change without notice. Offer is not transferrable. This offer is not redeemable for cash or cash equivalents. Void where prohibited, taxed or restricted by law. Restrictions apply.
The first question I had was, ‘How can you use a reverse mortgage?’ The short answer is, any way you want.
— LARRY
He’s right: tapping into your home equity with a reverse mortgage gives you many different options for enhancing your retirement plan. It gives you peace of mind for now, and financial protection for the future.
For example, you can:
- Keep more money on hand to meet everyday bills and expenses
- Consolidate credit card balances or other debts
- Help with healthcare expenses
- Set aside funds to pay for future long-term care
- Make home updates, repairs, or modifications to help you live more comfortably
- Avoid making taxable withdrawals from 401(k) or other retirement plans by using reverse mortgage proceeds that are income tax-free1
- Establish a line of credit2 as a financial “safety net,” to prepare for unexpected expenses
- Or any other purpose
Questions you’ll want to consider before you apply for a reverse mortgage include:
- Do you need to tap into your home equity now, or can you save it for future needs?
- Are you on a fixed income, with no other asssets?
- How long do you and your family plan to live in your home?
- Would your spouse want to keep living in the home without you?
At Longbridge, we can assess your situation and help you decide, along with your trusted advisors, which reverse mortgage solution is right for you. Not all lenders make that commitment.
Get your free reverse mortgage information kit to learn:
- What is a reverse mortgage and how does it work?
- What are the benefits?
- How does it compare to a traditional mortgage?
- How much can you receive?
- How can you receive the funds?
- How can it work as part of your retirement plan?
- What’s the reverse mortgage process?
Get your quote and kit today: there’s no cost or obligation.
Watch this short video to learn more about
How it Works
- Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.
- Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.
