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Founded in 2012 and based in New Jersey, Longbridge Financial offers reverse mortgage products. This includes home equity conversion mortgages (HECMs) and proprietary mortgages, which are known as platinum mortgages and are geared toward those with higher-value properties. The company has an easy-to-use website and an A+ rating with the Better Business Bureau.
Finance of America provides reverse mortgages for those entering or already in retirement who need more cash flow. A reverse mortgage loan allows homeowners over a certain age (62+ for HECMs or 55+ for a HomeSafe*) to tap into a portion of their home's equity tax-free**.