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
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