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

(224)

Larry Was Very Personable Larry was a very personable representative and was always willing to answer any questions that were asked of him. It’s not always easy dealing with the elderly and he is more than patient with us all!!! Thank you Larry

Lisa B — Dec 21, 2019

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

Larry Was Outstanding Larry was outstanding. This is our fourth reverse mortgage and the best yet. Larry kept in contact and helped throughout the whole process. I could not be more pleased. .

Bob & Carol H — May 17, 2023