Longbridge lowers minimum home value for Platinum products by Chris Clow for HousingWire

HousingWireHousingWire Reverse mortgage lender and servicer Longbridge Financial, which offers both Federal Housing Administration (FHA)-backed Home Equity Conversion Mortgage (HECM) loans as well as proprietary reverse mortgage products, announced that it has lowered the minimum home value for its fixed-rate proprietary products. Previously, the proprietary product line — which Longbridge…

Continue reading →