Over the years, there have been several misconceptions about reverse mortgages – one of the most common being that with a reverse mortgage, the bank takes over ownership of the borrower’s home. At Longbridge Financial, we remain committed to educating our Partners and borrowers about the many uses of reverse mortgages – including separating the … Read more
Imagine what your clients could do with some additional monthly income and improved cashflow. Would they travel more? Spend more time doing the things they love? By offering your clients a reverse mortgage solution, they can leverage a portion of the equity in their homes to use as they wish. Check out some of the most … Read more
Our new Platinum Origination Channel allows your partners to reach older adults who typically take out HELOCs or other mortgage products – and offers seniors a home equity release product with flexibility and borrower protection that’s designed specifically for them.
Longbridge Platinum expands condo eligibility beyond the restrictive guidelines of the HECM program. Better yet, Platinum can provide your borrowers with lower upfront costs, while expanding your business opportunities to better serve the market of condo homeowners. With Longbridge Platinum, you expand your business opportunities and tap into a growing condo market with great product flexibility.
Did you know – there is a mortgage program designed exclusively for senior homebuyers, making it easier for them to afford the home they want or need? Each year, more than 350,000 seniors purchase a home. And even more, might follow suit if they knew about this program.
When determining how a Reverse Mortgage may fit your clients’ needs, there are several questions you need to consider. At Longbridge Financial, we’re experts in helping you answer these questions and more.
When it comes to reverse mortgages, you’ve likely heard the following – they’re expensive, the bank or lender owns the home, and are an absolute last-resort. At Longbridge, we’re happy to tell you that these are all, in fact, misconceptions.
Did you know – homeowners ages 62 and older now own over $7 trillion* of home equity? This is the highest amount of housing wealth on record! But many of these seniors overlook this hidden wealth. Do your clients know about it?
With more reverse mortgage products on the market than ever before, today’s reality is that a HELOC might no longer be the most appropriate choice for older homeowners. The good news – there’s now a HELOC substitute for seniors to help expand your business into a growing market of over $8.05 trillion* in home equity. … Read more
In an ultra-competitive environment, you need products that set your business apart. That’s why we work tirelessly to provide our partners with affordable, flexible products designed specifically to better meet the needs of older borrowers with high-value homes. Compared to other offerings in today’s market, we’re confident that the Longbridge Platinum Line of Credit Program … Read more