Larry McAnarney
815-703-4745

What has to be repaid when the loan becomes due?

You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually choose to do this through the sale of the home or other assets. Repaying the loan by refinancing through a conventional mortgage is also an option.

Verified Reviews

(229)

It Was a Pleasure to Work with Larry It was a pleasure to work with Larry throughout the reverse mortgage process. He gave simple and thorough explanations to my questions, had endless patience and was always kind and happy to offer wise advice. Thank you Larry!

Sara K — Apr 13, 2020

Knowledgeable Larry was very knowledgeable and explained things, so I understood.

Denise R — Jul 23, 2024

Thank You, Larry! Larry McAnarney is our reverse mortgage loan specialist. He did an excellent job of explaining the reverse mortgage programs, the process, requirements, how the monies would be accessed if approved. He followed up with me multiple times before I made the decision to proceed which I really appreciated. He assisted me in wading through all of the requirements in the application process. He was always available for a question either by email or phone. He was always encouraging and optimistic about our chances for success. He was helpful and very clear as to all the documents I needed to prepare and always allowed me a reasonable amount of time to comply. As our house is in trust there were further "hoops to jump through." Larry truly went above and beyond the call of duty on our behalf with the underwriters. I have no doubt that his extra hard work won the approval of our reverse mortgage. I couldn't recommend him more highly. He has my thanks!

Jacquelyn W — May 6, 2015