Fund Much-Needed Home Repairs with a Reverse Mortgage

Retirement is your time to relax and enjoy the comfort of your home—but keeping it well-maintained and updated is still part of the journey. For many retirees, finding the funds for home repairs or renovations can feel out of reach. But what if the solution was right under your roof?

With a reverse mortgage from Longbridge Financial, you can unlock a portion of your home equity and convert it into cash. Your funds can be used however you wish, including making the home improvements you need to turn your dream into a reality.

Unlock the power of your home equity

A reverse mortgage—also known as a Home Equity Conversion Mortgage (HECM) if available through an FHA-approved lender—allows eligible homeowners 62 or older to convert part of their home equity into cash. You retain the title, with a lien repaid when the loan is due—typically when you sell, move out or pass away. With a reverse mortgage, you can gain access to income tax-free cash¹ through flexible payout options, such as a lump sum, monthly payments or a line of credit.² Unlike traditional loans, you don’t have to make monthly payments as long as you meet your loan obligations, keeping current with property taxes, insurance, and maintenance.

Make your home repair dreams a reality

For retirees with limited liquid assets, a reverse mortgage could help fund essential repairs or long-awaited upgrades to their home. Imagine having the resources to modernize your kitchen, make your home more energy-efficient or add safety and accessibility features like ramps or stairlifts—all without draining your savings. With a reverse mortgage from Longbridge Financial, you could:

Renovate for comfort and accessibility: Whether it’s a walk-in shower or an open floor plan, make the changes that ensure your home meets your needs – both now and in the future.
Increase your home’s value: Strategic home improvements could raise your property’s market value, benefiting you or your heirs in the long run.
Increase cash flow to help pay expenses: With no monthly mortgage payments required,³ you can reallocate money for other priorities—everyday expenses, bills, credit card balances, or other payments.

A great choice: Longbridge Financial

Longbridge Financial is dedicated to responsibly helping homeowners reshape their financial future by educating them on reverse mortgages and helping them unlock the power of their homes. Here’s what sets them apart:

Industry expertise: Founded by an Ivy League professor and a team of highly experienced professionals from major financial services companies, Longbridge’s mission is to transform the reverse mortgage industry through unmatched client service, expertise, and transparency.
Competitive pricing: Longbridge’s industry-leading pricing model provides substantial savings with no hidden fees. And their commitment to affordability helps make reverse mortgages more accessible to seniors.
No-pressure approach: Longbridge believes in empowering you to make informed decisions without any sales pressure, helping you choose the best option for your future.
Trusted reputation: Longbridge maintains an A+ rating with the Better Business Bureau (BBB) and is consistently awarded “Excellent” ratings on Trustpilot, an independent review site. As an FHA-approved lender, Longbridge follows the National Reverse Mortgage Lenders Association’s (NRMLA) Code of Ethics, ensuring dedicated and ethical service.
Military discount: As a token of appreciation for those who have served, Longbridge offers a $500 discount to active-duty military members and veterans.⁴

Click here to get your free reverse mortgage information kit from Longbridge Financial.

How does a reverse mortgage work?

After discussing your financial goals and receiving a personalized estimate from Longbridge, you’ll meet with a federally approved independent reverse mortgage counselor. This counseling session ensures you fully understand how the reverse mortgage loan works, and that you have all information necessary to make an informed decision. After completing the counseling session and submitting your application, your request will move through the following phases:

Appraisal: A local independent FHA-approved appraiser will assess your home to determine how much you can borrow.
Underwriting: This step confirms that all requirements for the reverse mortgage are met based on your submitted documentation.
Closing: A closing agent or attorney will review the loan file and oversee the signing of documents.
Funding: Funds will be disbursed three business days after the closing documents are signed.

Ready to get started?

Longbridge strives to make the reverse mortgage process as seamless as possible, providing ongoing support and regular updates on the status of your loan. See why over 1.3 million Americans have already made a reverse mortgage part of their financial plan for retirement!⁵

Click here to get your free reverse mortgage information kit from Longbridge Financial.

Disclosures:

Money Group, LLC has a business relationship with Longbridge Financial, LLC. This content is sponsored by Longbridge Financial. Trademarks, brands, logos and copyrights are the property of their respective owners.

¹ Consult a financial advisor and appropriate government agencies for any effect on taxes or government benefits.

² Borrowers who elect a fixed rate loan will receive a single disbursement lump sum payment. Other payment options are available only for adjustable rate mortgages.

³ As with any mortgage, borrowers must meet loan obligations by keeping current with property taxes, insurance and home maintenance.

⁴ Longbridge’s Military Discount Program is subject to change or cancellation at any time and without notice. This program offering is valid for an appraisal credit of up to $500.00 off allowable closing costs. This program offering can only be redeemed with Longbridge Financial LLC, and is available to U.S. military veterans, their spouses, and the spouses of deceased veterans. Documentation of military service is required; acceptable documents include DD214 Discharge papers, VA / military identity card, VA benefits summary/award letter for income, and the VA benefits letter. Loans must close and be funded with Longbridge Financial LLC as the lender in order to receive credit. The credit will be applied to the overall cost indicated on the HUD-1 Settlement Statement at the time of the closing. This is not an offer to make you a loan, does not qualify you for a loan, and is not an official loan disclosure. Loan disclosures, including a Good Faith Estimate of closing costs, are provided upon receipt of a completed application. All loans are subject to approval. Program, rates, and additional terms and conditions apply and are subject to change without notice. Offer is not transferable. This offer is not redeemable for cash or cash equivalents. Void where prohibited, taxed or restricted by law. Restrictions apply.

Longbridge Financial Licensing/Disclosure Infočmation:

This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency.

Charges such as an origination fee, mortgage insurance premiums, closing costs and/or servicing fees, if applicable, may be assessed and will be added to the loan balance. As long as you comply with the terms of the loan, you retain title until you sell or transfer the property, and, therefore, you are responsible for paying property taxes, insurance and maintenance. Failing to pay these amounts may cause the loan to become immediately due and/or subject the property to a tax lien, other encumbrance or foreclosure. The loan balance grows over time, and interest is added to that balance. Interest on a reverse mortgage is not deductible from your income tax until you repay all or part of the interest on the loan. Although the loan is non-recourse, at the maturity of the loan, the lender will have a claim against your property and you or your heirs may need to sell the property in order to repay the loan, or use other assets to repay the loan in order to retain the property.

Longbridge Financial, LLC NMLS# 957935. 61 South Paramus Road, Suite 500, Paramus, NJ 07652. 1-855-523-4326. For licensing information, go to: http://www.nmlsconsumeraccess.org. For additional Longbridge licensing and disclosures, please visit: https://longbridge-financial.com/licensing. Longbridge Financial Company Licensing Information: Arizona Mortgage Banker License #0930082; Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act; Loans made or arranged pursuant to a California Financing Law license; Georgia Mortgage Lender Licensee #44082; Massachusetts Mortgage Lender License # ML957935; Licensed by the New Jersey Department of Banking & Insurance; Licensed Mortgage Banker-NYS Department of Financial Services -in-state branch address 6161 South Park Avenue Room 2, Hamburg, NY 14075; Rhode Island Licensed Lender. For California, Texas, and Nebraska consumers: For information about our privacy practices, please visit https://www.longbridge-financial.com/privacy. Not all products and options are available in all states. Terms subject to change without notice. Certain conditions and fees apply. This is not a loan commitment. All loans subject to approval. Equal Housing Lender.