| American Fidelity Financial Services, Inc. - An Illinois Residential Mortgage Licensee |
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| American Fidelity Financial Services, Inc. - An Illinois Residential Mortgage Licensee |
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MORE ON REVERSE MORTGAGES
You may have seen commercials on television or heard about them from your friends or maybe you've never heard of them before. I'd like to take this opportunity to share with you some of the features and benefits of having a reverse mortgage.
NO PAYMENTS! - Easily the best feature of the reverse mortgage is that you never have to make a payment. You can even get a monthly check from the bank for the rest of your life!
GOVERNMENT PROGRAM - Although a bank will most likely manage your loan, it's the federal government that stands behind it. You never need to worry about the bank going out of business or someone trying to change the terms of the loan.
COUNSELING REQUIREMENT - In order to make sure that this is the right plan for you, the government requires you have an independent third party not for profit organization review your case to be absolutely sure this is the plan for you.
GET CASH BACK - Not only do you not have to ever make payments, if there is enough equity in the home, you may be able to receive cash back at the closing. You can choose to receive the money in one lump sum or have it spread out over a time period you specify.
NO CREDIT CHECK - Your credit does not matter. No credit report will ever be checked.
NO INCOME REQUIREMENT - Because payments are not required, your level of income does not matter. Even if you're currently not receiving any income!
Are you still unsure? Then give us a call. We will come to your home and answer all of your questions. We have experienced licensed loan professionals that are available to you from 9am to 10pm 7 days a week. Call us today and get on the path to financial freedom.
Call 1-800-325-0400
THE FHA REVERSE MORTGAGE
Things you need to know
Thank you for giving us the opportunity to provide you one of the most exciting loan products ever created. The reverse mortgage is a government program designed to help those over the age of 62 by allowing them to stay in their homes with no mortgage payments. You read that right; there are no mortgage payments on a reverse mortgage.
(Find out if you're qualified and enter your information into our calculator down below.)
For more information about the reverse mortgage program, read more about it below the calculator. Just scroll down and keep reading. When you're done, give us a call.
FREQUENTLY ASKED QUESTIONS
1) Is this right for me?
Because of the reverse mortgage program is so flexible on how it can be used, almost anyone that is qualified can find a useful purpose for a reverse loan.
2) Will this affect my social security or cause me problems with the IRS?
NO! Absolutely not. Income received from a reverse mortgage is not considered income for the purposes of social security or the IRS. The reverse mortgage program is a government program and it's designed to help people!
3) Does this mean the bank owns my home?
No! You own your home as always. The bank is doing nothing more than making a loan to you. There is no difference regarding ownership when you bought the house and when you get a reverse mortgage.
4) What happens after I die?
The same thing that would happen if you didn't have a reverse. Your heirs or those you have willed your property to would get it.
5) How old do I have to be to get a reverse loan?
The minimum age is 62 to qualify.
6) What if I sell my house?
When you sell your house, you must pay the reverse mortgage loan off. So whatever you sell your home for, you must subtract what you owe and the difference is what you would receive at closing!
| Addison Reverse Mortgage |
| Algonquin Reverse Mortgage |
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| Jacksonville Reverse Mortgage |
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| Kankakee Reverse Mortgage |
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| La Grange Reverse Mortgage |
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| Lake in the Hills Reverse Mortgage |
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| Libertyville Reverse Mortgage |
| Lincoln Reverse Mortgage |
| Lincolnshire Reverse Mortgage |
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| Lindenhurst Reverse Mortgage |
| Lisle Reverse Mortgage |
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| Lockport Reverse Mortgage |
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| Loves Park Reverse Mortgage |
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| Machesney Park Reverse Mortgage |
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| Manteno Reverse Mortgage |
| Marengo Reverse Mortgage |
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| Matteson Reverse Mortgage |
| Mattoon Reverse Mortgage |
| Maywood Reverse Mortgage |
| McHenry Reverse Mortgage |
| Melrose Park Reverse Mortgage |
| Mendota Reverse Mortgage |
| Metropolis Reverse Mortgage |
| Midlothian Reverse Mortgage |
| Mokena Reverse Mortgage |
| Moline Reverse Mortgage |
| Monmouth Reverse Mortgage |
| Morris Reverse Mortgage |
| Morton Reverse Mortgage |
| Morton Grove Reverse Mortgage |
| Mount Carmel Reverse Mortgage |
| Mount Prospect Reverse Mortgage |
| Mount Vernon Reverse Mortgage |
| Mundelein Reverse Mortgage |
| Murphysboro Reverse Mortgage |
| Naperville Reverse Mortgage |
| New Lenox Reverse Mortgage |
| Niles Reverse Mortgage |
| Normal Reverse Mortgage |
| Norridge Reverse Mortgage |
| North Aurora Reverse Mortgage |
| North Chicago Reverse Mortgage |
| North Riverside Reverse Mortgage |
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| Northlake Reverse Mortgage |
| O'Fallon Reverse Mortgage |
| Oak Brook Reverse Mortgage |
| Oak Forest Reverse Mortgage |
| Oak Lawn Reverse Mortgage |
| Oak Park Reverse Mortgage |
| Olney Reverse Mortgage |
| Orland Hills Reverse Mortgage |
| Orland Park Reverse Mortgage |
| Oswego Reverse Mortgage |
| Ottawa Reverse Mortgage |
| Palatine Reverse Mortgage |
| Palos Heights Reverse Mortgage |
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| Paris Reverse Mortgage |
| Park City Reverse Mortgage |
| Park Forest Reverse Mortgage |
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| Pekin Reverse Mortgage |
| Peoria Reverse Mortgage |
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| Peru Reverse Mortgage |
| Plainfield Reverse Mortgage |
| Pontiac Reverse Mortgage |
| Princeton Reverse Mortgage |
| Prospect Heights Reverse Mortgage |
| Quincy Reverse Mortgage |
| Rantoul Reverse Mortgage |
| Richton Park Reverse Mortgage |
| River Forest Reverse Mortgage |
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| Riverside Reverse Mortgage |
| Robbins Reverse Mortgage |
| Robinson Reverse Mortgage |
| Rochelle Reverse Mortgage |
| Rock Falls Reverse Mortgage |
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| Rockford Reverse Mortgage |
| Rolling Meadows Reverse Mortgage |
| Romeoville Reverse Mortgage |
| Roscoe Reverse Mortgage |
| Roselle Reverse Mortgage |
| Round Lake Beach Reverse Mortgage |
| Round Lake Park Reverse Mortgage |
| Salem Reverse Mortgage |
| Sandwich Reverse Mortgage |
| Sauk Village Reverse Mortgage |
| Schaumburg Reverse Mortgage |
| Schiller Park Reverse Mortgage |
| Shiloh Reverse Mortgage |
| Shorewood Reverse Mortgage |
| Silvis Reverse Mortgage |
| Skokie Reverse Mortgage |
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| South Holland Reverse Mortgage |
| Springfield Reverse Mortgage |
| St. Charles Reverse Mortgage |
| Steger Reverse Mortgage |
| Sterling Reverse Mortgage |
| Stickney Reverse Mortgage |
| Streamwood Reverse Mortgage |
| Streator Reverse Mortgage |
| Summit Reverse Mortgage |
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| Sycamore Reverse Mortgage |
| Taylorville Reverse Mortgage |
| Tinley Park Reverse Mortgage |
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| University Park Reverse Mortgage |
| Urbana Reverse Mortgage |
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| Vernon Hills Reverse Mortgage |
| Villa Park Reverse Mortgage |
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| Waterloo Reverse Mortgage |
| Wauconda Reverse Mortgage |
| Waukegan Reverse Mortgage |
| West Chicago Reverse Mortgage |
| West Frankfort Reverse Mortgage |
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| Willowbrook Reverse Mortgage |
| Wilmette Reverse Mortgage |
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| Wood Dale Reverse Mortgage |
| Wood River Reverse Mortgage |
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| Worth Reverse Mortgage |
| Yorkville Reverse Mortgage |
| Zion Reverse Mortgage |
| Adams County Reverse Mortgage |
| Alexander County Reverse Mortgage |
| Bond County Reverse Mortgage |
| Boone County Reverse Mortgage |
| Brown County Reverse Mortgage |
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| Calhoun County Reverse Mortgage |
| Carroll County Reverse Mortgage |
| Cass County Reverse Mortgage |
| Champaign County Reverse Mortgage |
| Christian County Reverse Mortgage |
| Clark County Reverse Mortgage |
| Clay County Reverse Mortgage |
| Clinton County Reverse Mortgage |
| Coles County Reverse Mortgage |
| Cook County Reverse Mortgage |
| Crawford County Reverse Mortgage |
| Cumberland County Reverse Mortgage |
| De Witt County Reverse Mortgage |
| DeKalb County Reverse Mortgage |
| Douglas County Reverse Mortgage |
| DuPage County Reverse Mortgage |
| Edgar County Reverse Mortgage |
| Edwards County Reverse Mortgage |
| Effingham County Reverse Mortgage |
| Fayette County Reverse Mortgage |
| Ford County Reverse Mortgage |
| Franklin County Reverse Mortgage |
| Fulton County Reverse Mortgage |
| Gallatin County Reverse Mortgage |
| Greene County Reverse Mortgage |
| Grundy County Reverse Mortgage |
| Hamilton County Reverse Mortgage |
| Hancock County Reverse Mortgage |
| Hardin County Reverse Mortgage |
| Henderson County Reverse Mortgage |
| Henry County Reverse Mortgage |
| Iroquois County Reverse Mortgage |
| Jackson County Reverse Mortgage |
| Jasper County Reverse Mortgage |
| Jefferson County Reverse Mortgage |
| Jersey County Reverse Mortgage |
| Jo Daviess County Reverse Mortgage |
| Johnson County Reverse Mortgage |
| Kane County Reverse Mortgage |
| Kankakee County Reverse Mortgage |
| Kendall County Reverse Mortgage |
| Knox County Reverse Mortgage |
| La Salle County Reverse Mortgage |
| Lake County Reverse Mortgage |
| Lawrence County Reverse Mortgage |
| Lee County Reverse Mortgage |
| Livingston County Reverse Mortgage |
| Logan County Reverse Mortgage |
| Macon County Reverse Mortgage |
| Macoupin County Reverse Mortgage |
| Madison County Reverse Mortgage |
| Marion County Reverse Mortgage |
| Marshall County Reverse Mortgage |
| Mason County Reverse Mortgage |
| Massac County Reverse Mortgage |
| McDonough County Reverse Mortgage |
| McHenry County Reverse Mortgage |
| McLean County Reverse Mortgage |
| Menard County Reverse Mortgage |
| Mercer County Reverse Mortgage |
| Monroe County Reverse Mortgage |
| Montgomery County Reverse Mortgage |
| Morgan County Reverse Mortgage |
| Moultrie County Reverse Mortgage |
| Ogle County Reverse Mortgage |
| Peoria County Reverse Mortgage |
| Perry County Reverse Mortgage |
| Piatt County Reverse Mortgage |
| Pike County Reverse Mortgage |
| Pope County Reverse Mortgage |
| Pulaski County Reverse Mortgage |
| Putnam County Reverse Mortgage |
| Randolph County Reverse Mortgage |
| Richland County Reverse Mortgage |
| Rock Island County Reverse Mortgage |
| Saline County Reverse Mortgage |
| Sangamon County Reverse Mortgage |
| Schuyler County Reverse Mortgage |
| Scott County Reverse Mortgage |
| Shelby County Reverse Mortgage |
| St. Clair County Reverse Mortgage |
| Stark County Reverse Mortgage |
| Stephenson County Reverse Mortgage |
| Tazewell County Reverse Mortgage |
| Union County Reverse Mortgage |
| Vermilion County Reverse Mortgage |
| Wabash County Reverse Mortgage |
| Warren County Reverse Mortgage |
| Washington County Reverse Mortgage |
| Wayne County Reverse Mortgage |
| White County Reverse Mortgage |
| Whiteside County Reverse Mortgage |
| Will County Reverse Mortgage |
| Williamson County Reverse Mortgage |
| Winnebago County Reverse Mortgage |
| Woodford County Reverse Mortgage |