Reverse Mortgages

A Reverse Mortgage from First Midwest can help you achieve your retirement goals and give you the financial security you need to fully enjoy your retirement years. It's a powerful borrowing alternative that will turn the equity in your home into cash – with no monthly payments and a tax-free1 income stream. You do not have to repay the loan as long as you live in your home, and there are no monthly payments, because a First Midwest Reverse Mortgage requires no payment from you until you sell your home or it passes to your estate. 

Reverse Mortgage advantages include: 

  • Easy qualification. 
  • Tax-free income. 
  • No income and credit verification.  

Reverse Mortgages are easily attainable when: 

  • The youngest borrower is at least 62 years of age. 
  • The home is occupied as your primary residence.
  • You attend a free counseling session with an approved counseling agency. Your family members and friends are encouraged to attend this session with you. 

To find out what your new income could be, contact Dru Bocek, First Midwest Reverse Mortgage Loan Originator, at (219) 853-3495.

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