Larry McAnarney
815-703-4745

Can I refinance my existing mortgage, home equity loan, or other debts with a reverse mortgage?

Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse mortgage can be a more suitable solution. That's because a reverse mortgage has a flexible repayment feature, which puts you in control of how much you pay towards principal and interest each month. For as long as you live in the home, you can choose to pay as much as little as you like, or make no monthly loan payment at all — freeing up money for other purposes.

As the homeowner, you'll still have to pay property taxes and insurance, and keep the home in good shape.

Verified Reviews

(223)

Larry Did a Great Job I originally began dealing with a different national lender but was uncomfortable with their rep and the answers he was giving me. I found Larry McAnarney’s name after a search on the web and called his cell on a weekend. He answered and told me about his company, his personal credentials and experience and impressed me at the outset with a patient and caring manner. He had no hesitancy about going to bat on my behalf with his underwriters and that in particular smoothed and expedited the process. I unequivocally recommend Larry McAnarney to anyone considering a reverse mortgage

Jeffrey L — Dec 2, 2020

Expertise and Professionalism Undoubtedly an expertise and professionalism in handling my father's reverse mortgage and its logistical challenge of myself being the lead and voice on my father's part. This was complicated by me being based about a 1000 miles away from my Dad but Larry leaped over all obstacles like a real PRO. I truly appreciate his extreme patience throughout this whole process.

Juan V — Nov 12, 2018

Fast and Painless Process I still can’t believe how fast and painless the process was. During the reverse mortgage process Larry was easy to work with. He patiently responded to every question I asked him, day or night. Larry is very knowledgeable of the process and made it easy for us to understand. We always felt comfortable during the process and he made us feel like we were his only client. From initiation to closing we were completed in six weeks. We highly recommend Larry for reverse mortgage needs.

Richard & Jean A — Apr 29, 2020