We are incredibly proud to announce that, for the third consecutive year, Longbridge Financial has earned the prestigious certification as a Great Place to Work®, thanks to the dedication and feedback of our remarkable employees! An impressive 88% of Longbridge Financial employees say it is a great place to work, compared to just 57% at […] The post Longbridge Certified as a Great Place to Work®️ for Third Consecutive Year appeared first on Longbridge Financial, LLC ..read more

Retirement should be a time to enjoy the fruits of your labor, but for many, the reality is that their savings run low far too quickly. This fear is unfortunately commonplace among Americans today, with a report by Greenwald Research showing that nearly 80% of the American population agree that there is a retirement crisis.1 […] The post Running Low on Retirement Funds? Unlock the Power of Your Home appeared first on Longbridge Financial, LLC ..read more

Welcome to “Ask the Pros” – where your questions meet the wisdom of those who understand the ins and outs of reverse mortgages! If you have questions about unlocking the power of your home equity, navigating the ins and outs of reverse mortgages, or making informed decisions about your financial future, you’re in the right […] The post Ask the Pros: Show Me The Money appeared first on Longbridge Financial, LLC ..read more

Imagine having the financial freedom to take that trip you’ve always wanted, dine out at your favorite restaurants, or catch the latest movie without worrying about your budget. A reverse mortgage gives you the power to tap into the equity you’ve built up over the years, turning it into a steady stream of funds that […] The post Using a Reverse Mortgage to Cover Everyday Expenses appeared first on Longbridge Financial, LLC ..read more

Discover the transformative key to enhanced financial well-being in your golden years. Updated August 7, 2024 Today, the traditional “three-legged stool” of retirement planning—pensions, personal savings, and Social Security—is often insufficient for many seniors. Fortunately, there is another largely untapped source of wealth right in their homes. With home values at record highs, seniors are […] The post Jumbo Reverse Mortgages: The Savvy HELOC Alternative for Retirees appeared first on Longbridge Financial, LLC ..read more

Key advancements in healthcare and healthy lifestyle habits are extending lifespans leading to a rapidly growing aging population. In fact, the Census Bureau projects that by 2035, the number of Americans aged 80 and older will reach 24 million – double the number from 2016. But what happens when the support systems for this population […] The post The Long-Term Care Dilemma: The Struggle for Affordable Senior Living appeared first on Longbridge Financial, LLC ..read more

Welcome to “Ask the Pros” – where your questions meet the wisdom of those who understand the ins and outs of reverse mortgages! If you have questions about unlocking the power of your home equity, navigating the ins and outs of reverse mortgages, or making informed decisions about your financial future, you’re in the right […] The post Ask the Pros: Reverse Mortgage Property Requirements appeared first on Longbridge Financial, LLC ..read more

If you’re one of the many homeowners wishing to “age in place” – remaining in the comfort of your beloved home as you grow older – ensuring that your house is safe, accessible, and comfortable becomes a priority. One financial tool that can help achieve this goal is a reverse mortgage, which can be particularly useful for making necessary home repairs, modifications, and even upgrades!  Funds from a reverse mortgage can be used however you wish, so you can put them to work to cover a wide range of projects, including smaller accessibility modifications like installing ramps, widening doo ..read more

In today’s unpredictable economy, financial security and smart planning are more crucial than ever, especially for retirees adjusting to life on a fixed or reduced income. Fortunately, even if your retirement portfolio isn’t as robust as you’d like, there’s a valuable resource you might be overlooking: home equity. With today’s seniors accounting for record amounts of home equity, you may be surprised to see just how much wealth is built up in your home. By tapping into a portion of this equity with a Home Equity Conversion Mortgage (HECM), also known as a reverse mortgage, you could significa ..read more

Great news for Florida residents!   Governor Ron DeSantis recently signed House Bill (HB) 7073 into law, effective July 1, 2024, which changes some requirements for reverse mortgages in Florida. One of the significant changes involves the “documentary stamp tax,” that applies to real estate documents, including mortgages.  Previously, if you took out a reverse mortgage on a property in the state of Florida, the documentary stamp tax was applied to the total mortgage lien amount, even if you couldn’t access that full amount. This often resulted in taxes being assessed on amounts ..read more