Longbridge Reverse Mortgage

LBF offers a competitive compensation plan which includes a base salary plus commission full benefits package and a. The main reasons Longbridge is a good option for reverse mortgages is the companys reputation their online quote and application resources and their straightforward and easy-to-understand educational materials which demystify the the process and reverse mortgages as a whole.

Longbridge Financial Llc Launches Platinum Mortgage Program Longbridge Financial Llc

Mahwah NJ-based reverse mortgage lender Longbridge Financial announced several new additions to its wholesale department citing increased business and overall growth experienced throughout 2020 as a primary motivator to expand its efforts in wholesale lending with strategic hires of reverse mortgage industry veterans.

Longbridge reverse mortgage. Longbridge Financial offers a number of reverse mortgage solutions including traditional Home Equity Conversion Mortgages HECM HECM for purchase and the Longbridge Platinum program for homes that exceed the typical maximum reverse mortgage loan value of 625500. Originally founded in 2012 Longbridge Financial is the result of a unification of several financial services experts hailing from companies including New York Life Fidelity and MetLife and operates as a full-service reverse mortgage lender across the United States. The reverse mortgage loan products originated by Longbridge Financial LLC are Home Equity Conversion Mortgages or HECM an FHA-insured loan that must comply with the FHAs and other regulatory requirements.

All of the information and supporting articles are written using the simplest language possible and what you can expect on your journey to. A Longbridge Financial reverse mortgage consultant would be happy to walk you through the entire process and answer any questions you may have or you can read about them below. Its a proprietary non-Federal Housing Administration FHA reverse mortgage that offers more cash than a standard reverse mortgagedepending on your homes value up to 4000000with low costs.

Reverse Mortgage Specialists at Longbridge Financial are assured company-provided qualified leads with no self-sourcing for business or cold calling required. Founded in 2012 by a group of finance and insurance veterans Longbridge sought to improve the reverse mortgage experience for seniors entering the marketplace. They are a subsidiary of Mercantile Mortgage Group which was originally founded by George Foreman and has been providing reverse mortgage services for.

If your homes value is 450000 or more theres Longbridge Platinum. Longbridge Financial was founded in 2010 and is based in San Diego California. You understand that you can revoke this consent at any time by calling Longbridge.

Longbridge boasts excellent reviews on many third-party review sites. Begin today by calling 855-523-4326. If you own a higher-value home or condo Longbridge offers a non-government proprietary reverse mortgage program.

Mahwah NJ-based reverse mortgage lender Longbridge Financial reports that it has seen a significant uptick in loan volume during the COVID-19 coronavirus pandemic which has led to a major expansion of its wholesale operations and staff in order to compensate for the higher level of business during the second quarter of the year. But Platinums program flexibility allows eligible borrowers access to more available cash lower upfront costs and a low fixed rate. Longbridge Platinum a jumbo reverse mortgage is a non-FHA insured privately funded reverse mortgage that allows users to access a larger line of.

By this metric there was a clear indication as to which of the countrys top reverse mortgage lenders performed best in terms of having lower prepayment speeds in comparison with its top-tier competitors. To accomplish this the companys founders and investors made a commitment to deal with its customers with clarity and transparency. Longbridge Financial is the ninth-highest ranked reverse mortgage lender by loan volume based on August 2019 data.

You understand that your telephone company may impose charges on you for these contacts and you are not required to enter into this agreement as a condition of any Longbridge products or services. Over the top five reverse mortgage lenders in the country Longbridge performs the best by a pretty sizable margin Ribler tells RMD. Like a traditional HECM Longbridge Platinum is designed for homeowners age 60 and over.

Longbridge Financial is a US company that offers HECM Reverse Mortgages to people that are 63 years old or older. Longbridge Financial wants to make the reverse mortgage process as straightforward as it possibly can for customers. Plus our new line of credit option compares favorably to a standard Home Equity.

Longbridge Financial LLC also originates non-HECM reverse mortgage products for which there is a limited secondary market. If youre a homeowner age 62 or older a Home Equity Conversion Mortgage HECMalso known as a reverse mortgagelets you access a portion of the equity in your home to use as another source of funds in retirement.

2021 Longbridge Financial Reviews Reverse Mortgages