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 Line of Credit Program offers older clients with higher home values more flexibility than a HELOC, including no monthly mortgage payments! Why would a senior client on a fixed income choose a loan that requires monthly mortgage payments when they could choose one that doesn’t?
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. […]