Longbridge Financial can help you make the most of your reverse mortgage to connect you with a more comfortable financial future. We’re committed to helping you find the right option for you based on your particular needs and retirement goals. Explore the possibilities, including how much money you could receive by contacting Longbridge Financial to speak with one of our experienced Reverse Mortgage Consultants.
HECM Reverse Mortgage
The HECM Standard reverse mortgage features a fixed or variable interest rate. Depending on your financial circumstances and needs, you can choose to receive your cash:
- In a lump sum up front, typically up to 60 percent of the available proceeds.
- Over time, as a monthly payment.
- As needed, in a line of credit.
You can also select a combination of these options—for example, taking an initial lump sum amount and then having the rest available as a line of credit.
For those who own higher value homes or condos…Longbridge offers a non-government, proprietary reverse mortgage program. Like a traditional HECM, Longbridge Platinum is designed for homeowners age 62 and over; however, Platinum’s program flexibility allows eligible borrowers access to more available cash, lower upfront costs and a low fixed rate.
HECM For Purchase Reverse Mortgage
For those interested in purchasing a home that will better fit their future needs, Longbridge Financial also offers a HECM for Purchase reverse mortgage.