Longbridge Financial Introduces New Proprietary Reverse Mortgage Feature That Preserves Equity for Heirs
Longbridge Financial LLC, a leading national reverse mortgage lender and servicer, announced today the launch of Platinum Preserve, a first-of-its-kind feature for the company. The offering is available on its Platinum Max loans, a proprietary, non-Federal Housing Administration reverse mortgage program for homeowners age 55 and older 3. This new feature is designed to help senior homeowners tap into their home equity now while reserving a portion for future needs, offering a balanced approach to immediate and long-term financial planning.
