How to Shop for Reverse Mortgages in Illinois ?

Posted by & filed under Reverse Mortgage.

In the recent times reverse mortgages are becoming a more preferred option for supplementary income among senior citizens. According to a statement issued by Peter Bell who is the president of NRMLA or the National Reverse Mortgage Lenders Association, around 911,314 reverse mortgages have been taken since the programs inception and this number is expected… Read more »

How Does the Reverse Mortgage Act Affect Reverse Mortgage Companies in Illinois ?

Posted by & filed under Reverse Mortgage, Reverse Mortgage Act.

Reverse Mortgage Companies in Illinois Reverse mortgage companies in Illinois will soon be required to abide by the new laws governing Home Equity Conversion Mortgages (HECMs) of the state, beginning January 1, 2016. In August 2015, Governor of Illinois, Bruce Rauner had signed into law the Reverse Mortgage Act, after it was passed in the… Read more »

Is a Reverse Mortgage the Best Choice For You?

Posted by & filed under Reverse Home Loans.

Reverse Mortgages may not be for all, but this is an excellent choice for many. Is it a good choice for you?  We will share reverse mortgage details in Illinois here to help decide. What’s a Reverse Mortgage?     What’s a Reverse Mortgage? A Reverse Mortgage is a special, federally insured program designed especially for… Read more »