As our parents age it becomes crucial to discuss their future housing needs. These conversations can be challenging and emotional, as they often involve acknowledging the realities of aging and potential changes in independence. However, addressing these topics proactively can ensure that your parents’ housing arrangements align with their evolving lifestyle, providing them with comfort, safety, and support.   Let’s explore some essential tips and considerations to set your family up for success and help you navigate these conversations effectively.  Initiate the Conversation wi ..read more

Reverse mortgages have been a topic of debate since their inception, with contrasting opinions on whether they are a beneficial financial tool or a potential rip-off. While a reverse mortgage isn’t the right fit for everyone, it can be a game-changing retirement funding solution for many older Americans. It’s important to separate fact from fiction so you can gain a clearer understanding of reverse mortgages and determine whether they may be the right fit for your retirement. Let’s take a look at some common questions and their answers to get the full picture and set the record straight!  ..read more

Applying for a mortgage can feel overwhelming and complicated – there’s often a rollercoaster ride of financial jargon, paperwork, and plenty of patience. But fear not because at Longbridge Financial, we believe learning about, applying for, and obtaining a reverse mortgage should be as simple as possible. One of our wonderful mortgage consultants would be happy to walk you through the entire reverse mortgage process in greater detail with you and answer any questions that may come up along the way. Now, let’s take a closer look at what’s involved in applying for a reverse mortgage, and the pr ..read more

May is Older Americans Month and 2023 marks the 60th anniversary of the celebration! The Administration for Community Living (ACL) leads our nation’s observance of Older Americans Month each year, and the theme for this year is Aging Unbound.1 This theme focuses on exploring a wide range of aging experiences and promotes the importance of independence and fulfillment as we pave our own paths in life.    The ACL recommends a few ways to embrace Aging Unbound. Here are just a few of the ways to participate:   Embrace change. Don’t let age define your limits in life. Find ..read more

Longbridge Financial CEO and co-founder, Chris Mayer, has been selected for an Inman Best of Finance Award for 2023. More than 120 individuals were recognized this year and Chris represents the only company solely dedicated to reverse mortgage loans – Longbridge. This prestigious award recognizes the best and brightest in the mortgage and finance space who have demonstrated a commitment to innovation, service, and a measurable impact upon the industry. Inman is a leading news source for real estate professionals from around the world and offers accurate, innovative, and timely industry informa ..read more

For many Americans, their home is their biggest asset, and for some it’s the asset they’ve invested in the most throughout their lives. In fact, U.S. homeowners have an average of 70% of their net worth tied up in their home equity.1 Perhaps this rings true for you, too! As retirement approaches, many seniors find themselves with significant home equity but a lack of liquid assets to cover ongoing and unexpected expenses. In such cases, a reverse mortgage loan can provide a supplement to income by allowing older homeowners to tap into their home equity without needing to make monthly mortgage ..read more

As you approach retirement age, you may start to consider different ways to make the most of your resources to finance your golden years. Maybe you’d like to avoid relying on only your savings or pension. This phase of life requires careful planning and preparation. And one of the biggest financial concerns for retirees is having enough money to support their lifestyle, especially when it comes to housing. Many seniors own their homes but have limited income, or have substantial savings but no proof of employment, making it challenging to qualify for some mortgage loans. This is where retireme ..read more

In honor of Women’s History Month, we’re highlighting women’s achievements throughout the month of March. The women’s history theme for 2023 is, “Celebrating Women Who Tell Our Stories.” With this in mind, we are taking time to celebrate and recognize the stories of some of our own women leaders at Longbridge Financial.  For the final installment of our 2023 “Ladies Who Lead” series, we met with Jessica Coerts, Longbridge Human Resources Manager, to learn about her advice to other women in the workforce, what to look for in a mentor, and her take on Women’s History Month. Q: What does Wo ..read more

In honor of Women’s History Month, we’re highlighting women’s achievements throughout the month of March. The women’s history theme for 2023 is, “Celebrating Women Who Tell Our Stories.” With this in mind, we are taking time to celebrate and recognize the stories of some of our own women leaders at Longbridge Financial.  Michelle Hays, Longbridge Servicing Manager, is the next feature for our “Ladies Who Lead” series. Michelle shared her perspective on where to find mentors, her takeaway from the movie “Working Girl,” and the advice she’d give her 20-year-old self. Q: What does Women’s H ..read more

In honor of Women’s History Month, we’re highlighting women’s achievements throughout the month of March. The women’s history theme for 2023 is, “Celebrating Women Who Tell Our Stories.” With this in mind, we are taking time to celebrate and recognize the stories of some of our own women leaders at Longbridge Financial.  The latest feature in our “Ladies Who Lead” series is Longbridge Wholesale Underwriting Manager, Jennifer Allen. We met with Jennifer to discuss what this month means to her, how to excel in a male-dominated industry, and the advice she has for her younger self. Q: What ..read more