Lenders Aim to Make Private Reverse Mortgages Available in More States

Reverse Mortgage Daily

Longbridge Financial’s CEO, Chris Mayer, along with other industry leaders in the reverse mortgage business, agree that jumbo and proprietary reverse mortgage alternatives need to become more widely available to serve more clients’ needs.

“We have been continuing to add states, we are now in 14 states, with more coming shortly.”- Chris Mayer

For people with higher home values, private alternatives are becoming more popular.

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Photo by Joey Csunyo