Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the Illinois before hiring.
Showing 15 reverse mortgage specialists in Northbrook, IL
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
EON Mortgage Group
950 Skokie Blvd #204, Northbrook, IL 60062
2242035160
An Opportune, Inc. (IL licensed mortgage broker - NMLS# 276689) CLOSED
1436 Techny Rd, Northbrook, IL 60062
8474982288
Donnersson G. Penna - Preferred Rate
425 Huehl Rd UNIT 4A, Northbrook, IL 60062
8477904911
Michael Felish at New American Funding (NMLS #2244227)
400 Skokie Blvd # 100, Northbrook, IL 60062
8476377330
David W. Shaff - Homeside Financial
3100 Dundee Rd Suite 906, Northbrook, IL 60062
6304916664
Tanya Lagunov - Preferred Rate
425 Huehl Rd UNIT 4A, Northbrook, IL 60062
8477913109
New American Funding: Ryan Skaggs (MORTGAGE)
400 Skokie Blvd # 100, Northbrook, IL 60062
8472421242
Nasko I. Ivanov - Preferred Rate
425 Huehl Rd UNIT 4A, Northbrook, IL 60062
7086688808
Jose Home Loans
3100 Dundee Rd Suite 906, Northbrook, IL 60062
8474179101
Preferred Rate - Northbrook
425 Huehl Rd UNIT 4A, Northbrook, IL 60062
8474005555
Michael Kazakish Senior Loan Originator
3330 Dundee Rd c5, Northbrook, IL 60062
8475084545
Tammy Maranto at CrossCountry Mortgage, LLC
630 Dundee Rd, Northbrook, IL 60062
6302911476
Smart Rate Lending
3330 Dundee Rd c5, Northbrook, IL 60062
8004130116
New American Funding - Northbrook, IL
400 Skokie Blvd # 100, Northbrook, IL 60062
8473886911
Yesenia "Jess" Denlow - MNLS# 230484 Denlow Mortgage Team with Revolution
707 Skokie Blvd # 600, Northbrook, IL 60062
7739688490
What Does a Reverse Mortgage Specialist in Northbrook Cost?
Typical costs for a reverse mortgage in Illinois include an origination fee of up to 2 percent of the home value capped at 6000 dollars, a mortgage insurance premium of 2 percent of the appraised value, and third party fees such as appraisal and title search ranging from 500 to 1500 dollars. Closing costs generally total between 3000 and 8000 dollars depending on the loan amount and property value. This is general information and not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What qualifications does a reverse mortgage specialist in Northbrook need?
A reverse mortgage specialist in Northbrook must hold a valid Illinois mortgage loan originator license. They should also have specific training on HECM products and understand Illinois property tax deferral programs for seniors.
How does Illinois law affect reverse mortgage terms in Northbrook?
Illinois law requires a mandatory counseling session with a HUD-approved counselor before any reverse mortgage application. The state also allows a three day right of rescission after closing, giving borrowers time to cancel without penalty.
Can a reverse mortgage in Northbrook be used to buy a new home?
Yes, a HECM for Purchase allows Northbrook seniors to buy a primary residence using a reverse mortgage. The borrower must pay the difference between the purchase price and the loan amount from their own funds.