We can help you make the most of the HECM loan program (also commonly known as a reverse mortgage) as part of your clients’ long-term retirement plan to give them another option to increase their cash flow and protect their invested assets. Longbridge Financial is committed to helping you find the right HECM option for your clients based on their individual needs and goals.
Explore the possibilities, including how much money they could receive, by using our simple HECM Calculator to run the scenarios. Or contact us to speak with one of our experienced Reverse Mortgage Consultants.
HECM Reverse Mortgage
The HECM Reverse Mortgage features a fixed or variable interest rate. Depending on their financial circumstances and needs, clients can choose to receive their cash:
- In a lump sum up front, typically up to 60 percent of the available proceeds.
- Over time, as a monthly payment.
- As needed, in a line of credit.
Or, they can select a combination of these options—for example, taking an initial lump sum amount, and then having the rest available as a line of credit.
HECM For Purchase
For clients interested in purchasing a home that will better fit their future needs—whether downsizing, moving closer to family, or perhaps getting a single-story home that’s easier to navigate—Longbridge Financial also offers a HECM for Purchase option.
Contact us and talk to a Longbridge Financial expert today to determine
which option may be right for you clients’ needs.