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.

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Highly Impressed Upon my initial conversation with Larry I was highly impressed along with his credentials. As I continued to work along with him in obtaining all the documentation Larry requested, he came across some huge hurdles regarding my financial situation, but managed to resolve ALL  and was able to successfully acquire a reverse mortgage for myself. I cannot thank Mr. McAnarney enough for providing me with a comforting financial lifestyle.  Larry truly left me with a lasting and positive impression while accomplishing all that he could for me.  Emotionally now, I can see the light at the end of the tunnel. If you are looking to take the next step to financial security and peace of mind, I highly would recommend the very ultimate and polished man in his field, Mr. Larry McAnarney.

Donna G — Apr 4, 2017

Methodical & Patient Larry was very methodical and patient with us as we learned about reverse mortgages. Most seniors my age do need an additional moment, or so, to process and adopt a new way of looking at the equity in your home.      

Bryan M — Jul 23, 2024

Incredibly Patient: Larry was incredibly patient with my mother as we worked through the reverse mortgage process. He was great at keeping us updated and he took the initiative to work through an issue allowing a better result. I would recommend Larry 100%.      

Renee O — Mar 26, 2025

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