Illinois Reverse Mortgage Lenders

Chicago, IL, one of the largest cities and metro areas in the country is made up of a number of smaller cities that include Aurora, Elgin, Joliet, Naperville, Arlington Heights, Berwyn, Bolingbook, Oak Lawn, Orland Park and Tinley Park. Home to almost 10 million residents, the area has its share of senior citizens calling Chicago their home.

Reverse mortgages are quite popular among senior residents who have built up equity in their homes over the years. A lot of the older population in Illinois did not take out bad loans and now can take advantage of reverse mortgage loans. Reverse mortgage loans lets seniors stay in their home without having to make any mortgage payments until they move or pass away.