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

(216)

Knowledgeable and Trustworthy I would never want to get this loan from someone who only does it once in a while because it is out of the range of basic knowledge. I have never done this myself and am not familiar with the options and nuances of the reverse mortgage products. It is obvious that Larry is very experienced with this particular product and keeps in constant contact so you are never left making decisions on your own. He was recommended to me by a family member and I would be comfortable doing the same

Nancy Z — Oct 27, 2020

Great Support Larry helped my mother - - and the rest of our family - - understand the nuances of the reverse mortgage process. I personally had lots of questions for him and he always followed-up quickly with clear answers and details. We would highly recommend Larry if a reverse mortgage is right for your family as it was for ours.

Paul M — Apr 9, 2020

Working With Larry Was Great Working with Larry was great. He is kind and patient. He encouraged questions and was patient with me and my mom. I went through four different mortgage companies, and chose Larry because of his genuine interest in my moms case

Nancy S — Nov 4, 2020