I am very excited to offer this informational workshop on a little-understood and risky product often marketed to senior citizens who own their homes: reverse mortgages. My co-host, Sen. Mattie Hunter, and I want you to come learn the facts about reverse mortgages so you can avoid scams. I sponsored reverse mortgage consumer protection legislation, which was recently signed into law, to require banks to fully inform would-be borrowers of the risks of reverse mortgages. The new law also mandates a waiting period during which the borrower can reconsider, and it prohibits someone who helps a homeowner apply for a reverse mortgage from benefitting financially from the loan. Unfortunately, senior citizens in our community have lost their homes through reverse mortgage scams that allow a fraudulent contractor to drain equity from a longtime family home. Don't let this happen to you; attend our free workshop, and get the facts.

Please call (773) 224-2830 for more information or to RSVP.

collins rev mortgage 2

Category: Frontpage

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Contact Info

Chicago Office:
1155 W. 79th St.
Chicago, IL 60620
(773) 224-2830

Springfield Office:
M114 Capitol
Springfield, IL 62706
(217) 782-1607

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