The Loan Process

Reverse Mortgage awareness and education are the first steps of the process. Consumers are encourage to seek out additional information concerning reverse mortgages from news sources, libraries and visit  the HUD web site. Seniors and children of seniors who are assisting their parents should feel free to call us for any questions they may have. Call Now (630) 440-5187 or (773) 423-7578.

 

Contact us for an appointment. We will come to you at your convenience in the comfort of your own home.

 

Contact a HUD approved counselor to set a phone appointment for a reverse mortgage counseling session. To receive a current HUD approved list of counselors, call Call Now (630) 440-5187 or (773) 423-7578.

 

Once we have visited and the application has been filled out, the processing will start, but only after the HUD counseling has been completed.

 

We are a local Illinois Residential Mortgage Bank, FHA Approved, which means we are able to expedite the processand get your loan to closing in a timely manner.

 

An appraisal is ordered, a title search as well as a number of other required reports.

 

Upon completion of the loan processing, a closing  date is scheduled, again this is at the borrowers convenience and in the comfort of the their home. The purpose of a closing is to finalize and sign and the required documentation. Then after the required 3 (Three) day right of recision, the loan is funded.