Pete Sylvester

Home Equity Retirement Originator
NMLS# 1500504

150 N. Wacker Drive Suite 2000
Chicago, Illinois 60606

About Me

Pete Sylvester

Home Equity Retirement Originator | NMLS# 1500504

1-630-542-8334

  • Proprietary Reverse Mortgages
  • The HECM for Purchase Program

Bio

I am a mortgage advisor who collaborates with financial professionals to deliver suitable solutions to their clients, including mass affluent and HNW families. Since housing debt and wealth has such a large impact on a person’s legacy, my goal is to help people of all ages manage their mortgage as part of their financial plan from the first time they buy a home.

I enjoy educating homeowners and their trusted advisors about how to use home equity as a powerful tool and not just a last resort.  Having personally helped care for my grandparents, I also value the importance of a long-term financial plan that provides benefits to both the individual and their family.  When used appropriately, a reverse mortgage can help to preserve retirement assets, allowing for more flexibility to enjoy a better quality of life throughout retirement years.  I chose to partner with Mutual of Omaha because of the beneficial resources, support, and values they provide which helps me to care for the individual needs of each client.

Common Examples of What a HECM Can Help You Do

  • Purchase a new home to fit your lifestyle needs
  • Reduce monthly expenses by paying off existing mortgage
  • Enhance your cash flow
  • Create an emergency fund
  • Fund for home repairs or upgrades
  • Fund the expense for caregivers, live-in nurses, or other in-home care
  • Protect your retirement portfolio
  • Reduce monthly expenses by paying debt
  • Incorporate housing wealth into your retirement plan
  • Increase cash to help ensure monthly bills are paid
  • Reduce the burden of out-of-pocket healthcare costs
  • Have the cash for a large expense, such as a vacation or vehicle
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