WHAT IS AN ILLINOIS REVERSE MORTGAGE?

An Illinois Reverse Mortgage allows a senior homeowner (62+) to exchange a portion of the equity in their home for a Tax Free Income. The Illinois Reverse Mortgage has NO Monthly Payments required for as long as you live. The Illinois Reverse Mortgage provides Tax Free Cash that can be used for any purpose. With an Illinois Reverse Mortgage you retain the Title to your Home. That means with an Illinois Reverse Mortgage you can sell your Home at Anytime. An Illinois Reverse Mortgage allows you to receive the Cash in Monthly Payments, A Lump Sum, A Line of Credit, or a Combination of the above. An Illinois Reverse Mortgage does not affect Social Security and Medicare. With an Illinois Reverse Mortgage there are No Income, Credit or Health Qualifications.

THE PROCESS OF AN ILLINOIS REVERSE MORTGAGE

• Educate yourself about an Illinois Reverse Mortgage.
• Get a free information package about an Illinois Reverse Mortgage.
• Speak with a qualified lender about your option of an Illinois Reverse Mortgage.
• Consult a trusted family member or financial advisor about the benefits of an Illinois Reverse Mortgage.
• Schedule a counseling session with a third party, non-biased counseling group about an Illinois Reverse Mortgage.
• Upon reaching a decision to pursue an Illinois Reverse Mortgage complete an application with a qualified Illinois Reverse Mortgage Specialist.
• The Illinois Reverse Mortgage Specialist will begin the underwriting process by ordering an appraisal, title work, and other related documentation.
• The Illinois Reverse Mortgage is submitted for final approval and then is scheduled for closing at a location convention for you.
• At funding of the Illinois Reverse Mortgage you receive your Tax Free Cash.