Virtual Bank is taking a different approach to reverse mortgages than most other lenders by moving away from the FHA standards we are all used to.  Instead of offering the HECM product they decided to offer a proprietary product that has a lending limit of $417,000.  They are hoping to capitalize on the market […]

Virtual Bank, a division of Lydian Private Bank announced today the formation of their Seniors Lending Group which specializes in a suite of conventional reverse mortgage products. According to the press release, Virtual Lending Group has developed three reverse mortgage products called Lifetime Income From Equity (”LIFE”). The LIFE Plan, Prime LIFE, and […]