Georgia Reverse Mortgage Information

Georgia Reverse Mortgage Information

Unlock Your Home's Equity: Georgia Reverse Mortgage Information

Welcome to Mutual of Omaha Reverse Mortgage in Georgia, your trusted resource for comprehensive information on reverse mortgages in the Peach State. If you're a homeowner aged 62 or older in Georgia, including Atlanta, Augusta, Savannah, Smyrna, Macon, or anywhere in Georgia, discover how you can leverage your home equity to achieve financial security and peace of mind in retirement.

Meet Larry McAnarney: Your Trusted Reverse Mortgage Expert

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Larry has been a distinguished leader in the reverse mortgage industry since 1998, helping homeowners across Georgia navigate the complexities of reverse mortgages. As a Certified Senior Advisor (CSA) and member of the National Reverse Mortgage Lenders Association (NRMLA), Larry brings unparalleled expertise and dedication to every client he serves.

Why Choose Larry McAnarney?

Larry's extensive knowledge and deep understanding of the reverse mortgage landscape make him a trusted advisor for Georgia homeowners seeking to unlock the potential of their home equity. Whether you're looking to supplement your retirement income, fund healthcare expenses, or pursue your dream retirement, Larry is committed to providing personalized guidance and support tailored to your unique financial goals.

Your Path to Financial Freedom Starts Here

Explore our comprehensive resources on reverse mortgages in Georgia, curated by Larry and his team of experienced reverse mortgage specialists. From informative guides and articles to personalized consultations, we're here to help you make informed decisions about your home equity and secure your financial future.

Get Started Today

Ready to take the next step towards financial freedom? Contact Larry McAnarney at 815-703-4745 to schedule a consultation. Discover how a reverse mortgage can empower you to enjoy retirement on your terms, with confidence and peace of mind.

Experience Larry McAnarney's Expertise

Trust Larry to guide you through the reverse mortgage process with integrity, professionalism, and a commitment to excellence. Take advantage of Larry's wealth of experience and discover the possibilities of a reverse mortgage in Georgia today.

Get a Quote Today

Verified Reviews

(216)

Larry was our loan officer Larry was our loan officer. He gets a 5-star review from us. Going through this whole reverse mortgage process from beginning to end was very stressful at times. I had a million questions for Larry, and he took the time to answer and explain every question with an explanation as well. I would recommend him 100%

Bill & Julia A — Jul 27, 2022

Navigating Reverse Mortgages Made Easy Navigating the world of reverse mortgages was made easier with the help of Larry McAnarney. Larry answered his phone and returned all phone calls when he was unable to answer the phone. I contacted Larry to enlist his help with my sister and her husband to obtain a Reverse Mortgage. He met with them at their home, patiently answering all their questions as they sought to understand a reverse mortgage and helped them to understand all the necessary documents needed to secure the loan. My brother-in-law is unable to move about without a great deal of assistance and Larry arranged to close the loan at their home. I would recommend Larry to anyone who found themselves in need of a reverse mortgage.    

Margaret C — Dec 13, 2019

You Were There for Us My husband and I are so glad we had you help us with our reverse mortgage.  We could not have had a more professional nice person take care of our needs. You helped us above and beyond. You were there for us with all our questions and concerns.  We appreciated it very much.Thanks again Harlan and Jennie  

Harlan & Jennie S — Jun 27, 2016

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Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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The specific amount depends on several factors, including:

  • Your…
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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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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…

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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