Illinois Reverse Mortgage Solutions
What would you do with extra income each month – travel, pay off debts, or make that big-ticket purchase you’ve been wanting? A reverse mortgage in Illinois allows homeowners to tap into the equity in their homes to receive that extra income and enjoy a higher quality of life. Trinity has been dedicated to helping seniors enjoy more fulfilling, financially secure lives as a reverse mortgage broker since December of 2005.
Why Should You Consider a Reverse Mortgage Solution?
Income can be used for any purpose and is tax-free! (Consult your tax professional)
Receive the money with few conditions. Most homeowners who are 62 and over qualify.
You always own your home, which passes to your heirs when the time comes.
Borrowers don’t have to repay the loan until they no longer live in the home.
Your home can be turned into a home pension!
Eliminate your mortgage payment!
Don’t wait any longer to see how easy it can be to enjoy your retirement without financial worry. Apply now for Trinity’s reverse mortgage solutions and make your home’s equity work for you!
From Jumbo Reverse Mortgages to HECMs in Illinois
A reverse mortgage is a tool that homeowners and financial planners are using to supplement retirement income; some financial planners also use it to postpone Social Security payments for clients so that they receive higher benefit payments. We can find a great Home Equity Conversion Mortgage (HECM) solution for you, as well as options for a proprietary loan (also known as a jumbo reverse mortgage) and other financial solutions to help you discover the financial freedom you deserve. There are several different options for disbursement available to our clients, too!
Why Choose Trinity?
For more than a decade, Trinity has been helping seniors enjoy their golden years by treating everyone who talks with us just as we would want to be treated. Our founder, Michael Fullam, became a Certified Senior Advisor to better serve people just like you; if a reverse mortgage doesn’t fit your needs perfectly, we will recommend a consultation with a financial consultant, a traditional mortgage refinance, or trade properties and then do a reverse mortgage. We also may recommend that you make no changes to your current loan.
What are the Disbursement Options?
- Term payments deposited to your bank account on a regular basis, such as each month or each year.
- Tenure payments, which are monthly disbursements over the expected life of the youngest borrower.
- Choose a lump sum payment either at close or at any other time you like.
- Choose a credit line, or equity line, that earns interest on the funds that remain in that line. For example, assume you have a $100,000 credit line with 6.35% growth. If you do not touch any of the proceeds during the year, you would earn $6,350 in interest income after 12 months.
- You could also choose any combination of the above options.
Enjoy the comfortable retirement you’ve worked so hard to enjoy. Money can be made available quickly – just 4-5 days after close of escrow. Call us today at 1-866-707-4664. We look forward to hearing from you!
*Trinity Mutual is not a lender, but a mortgage broker who looks for the best lender for your loan.Louisiana Reverse Mortgages