Home Value: $450,000
Bob & Janice are condo homeowners who were looking to tap into their home equity to fund an upcoming anniversary trip. Due to restrictive HECM guidelines, they were not sure if their property would qualify for a reverse mortgage. Furthermore, these stringent guidelines could potentially slow down the process and put a halt on their trip. The solution? Longbridge Platinum.
Check out our case study to see how Platinum allowed Bob & Janice take advantage of the Fannie Mae Limited review process to speed up the process – all with lower upfront closing costs than a HECM.