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Longbridge New Releases
Longbridge Financial Introduces New Proprietary Reverse Mortgage Feature That Preserves Equity for Heirs
Longbridge Financial has introduced “Platinum Preserve,” a new feature within its Platinum Max reverse mortgage program, aimed at homeowners aged 55 and older. This offering enables borrowers to access a portion of their home equity while reserving 10% to 40% for future needs, such as healthcare expenses, downsizing, or leaving a legacy for heirs.
In The News
Longbridge's new reverse mortgage aims to preserve home equity for heirs (Housingwire)
In this latest HousingWire story, Longbridge Financial unveils a proprietary reverse mortgage aimed at helping older homeowners access home equity while preserving more for their heirs. Unlike traditional federally insured options, this private product offers flexible terms for higher-value homes and is designed to minimize equity depletion. It caters to retirees seeking financial support without compromising their legacy, highlighting a broader industry shift toward balancing short-term needs with long-term estate planning.
Why this economist bet big on seniors’ home equity (National Mortgage News)
In this National Mortgage News interview, Longbridge Financial CEO Christopher Mayer discusses how his background as an economist and academic informs his mission to responsibly expand reverse mortgage access for older homeowners, emphasizing the need to overcome misconceptions and better serve older homeowners with financial tools.
Longbridge’s Melissa Macerato on the impact of new proprietary product (Housingwire)
In a recent HousingWire article, Melissa Macerato, Chief Revenue & Marketing Officer at Longbridge Financial, discusses the company’s new proprietary reverse mortgage product, Platinum Peak, designed to assist borrowers who previously fell short of qualifying due to insufficient proceeds, by offering higher loan-to-value ratios and appealing to younger eligible owners.
Longbridge has a new addition to its proprietary reverse mortgage suite (Housingwire)
Longbridge Financial has introduced “Platinum Peak,” a new proprietary reverse mortgage product offering higher loan-to-value ratios to provide borrowers with increased loan proceed.
Assessing the reverse mortgage technology landscape (Housingwire)
In the HousingWire article “Assessing the Reverse Mortgage Technology Landscape,” Bill Packer, COO of Longbridge Financial, emphasizes that the reverse mortgage industry must adopt modern, integrated technology platforms to enhance efficiency, compliance, and borrower experience, moving beyond the outdated, fragmented systems currently in use.
Longbridge appoints new head of credit policy, underwriting and QC (Housingwire)
Longbridge Financial has appointed Patrick Halonen to lead its credit policy, underwriting, and quality control efforts.
Knowledge and Advice
Financial Strategies for Gray Divorce: How Reverse Mortgages Can Help
Divorce is never easy—but when it happens later in life, the financial implications can be especially complex. In fact, this circumstance even has its own nickname: “gray divorce.” For couples aged 50 and older, divorce means more than the
Ask the Pros: Power of Attorney
Curious about reverse mortgages? You’re not alone—and you’re in the right place. Welcome to Ask the Pros, our blog series that brings valuable insights straight from our team here at Longbridge Financial. If you’re thinking about tapping into your
Reversing Retirement Challenges: Funding Rising Healthcare Costs
As we age, one thing becomes clear: healthcare isn’t cheap. With changing needs and lifestyle shifts, funding top-quality care can quickly become one of the biggest financial burdens in retirement. Recent estimates show that a single retiree may need
Reversing Retirement Challenges: Dealing with High-Interest or Large Debts
Retirement is thought to be a time to enjoy life, free from the stress of work and financial worries. But for many older adults, certain types of difficult-to-manage debt can cast a shadow over what should be their golden
How Reverse Mortgages Offer a Lifeline in High-Interest Environments
In a high-interest rate environment, maintaining financial stability can feel increasingly daunting. For older adults who are often on limited or fixed incomes in retirement, the strain can be even more pronounced. Everyday expenses, unexpected healthcare bills, home renovations,
Using a Reverse Mortgage to Make Home Repairs
If you’re one of the many homeowners wishing to “age in place” – remaining in the comfort of your beloved home as you grow older – ensuring that your house is safe, accessible, and comfortable becomes a priority. One
Ask the Pros: Is a Reverse Mortgage Safe?
Welcome to “Ask the Pros” – where your questions meet the wisdom of those who understand the ins and outs of reverse mortgages! If you have questions about unlocking the power of your home equity, navigating the ins and
10 Reverse Mortgage Myths: A Closer Look at Common Misconceptions
[Content updated as of January 17, 2024] The Home Equity Conversion Mortgage (HECM, pronounced heck´-um), commonly known as a reverse mortgage, is a secure and increasingly popular financial tool designed specifically for homeowners aged 62 and older. With a
Workplace Culture
Longbridge Certified as a Great Place to Work®️ for Third Consecutive Year
We are incredibly proud to announce that, for the third consecutive year, Longbridge Financial has earned the prestigious certification as a Great Place to Work®, thanks to the dedication and feedback of our remarkable employees! An impressive 88% of Longbridge
Longbridge Listed as a Top New York Workplace by Fortune
Longbridge is proud to announce that we have been recognized by Fortune as one of the best “small and medium workplaces” in New York for 2024! This accolade is a testament to our commitment to fostering a supportive and innovative
Chris Mayer Recognized as Top 25 CEO of New York
Longbridge Financial is delighted to announce that our very own CEO and Founder, Chris Mayer, has been named one of the Top 25 CEOs in New York for 2024 by Key Executives. As the state with the highest number of
Why is Longbridge a Great Place to Work®?
Longbridge Financial is thrilled to have been certified as a Great Place to Work® for the second year in a row. In fact, 88% of our employees say Longbridge is a great place to work! By contrast, on average only
Melissa Macerato Featured in “Reverse Mortgage” Magazine
Longbridge Chief Revenue and Marketing Officer, Melissa Macerato, is featured in the July/August cover story for Reverse Mortgage magazine, the official magazine of the National Reverse Mortgage Lenders Association (NRMLA). The article, Rising to the Top: Female Reverse Mortgage Executives
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