With a standard mortgage, clients must make monthly payments to the lender, eventually paying off the mortgage over time. Longbridge Platinum lets seniors receive a lump sum of cash at closing with two options: with no initial-draw limits, or with some cash up front and the rest in a reusable line of credit. As long as they live in their home, they never have to make a monthly mortgage payment. However, just like a conventional forward mortgage, they must continue to pay property taxes, homeowners insurance, and for home maintenance.