Larry McAnarney
815-703-4745

Will I be taxed on my reverse mortgage proceeds?

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

Verified Reviews

(216)

Larry Explained Everything Larry did a great job of explaining and guiding us through a reverse mortgage. Much more complicated than we had thought. You need a lot of help and Larry was there to provide it.

Alan & Donna C — Mar 23, 2020

Quick to Respond to Any Inquiry Larry was on point from our very first conversation, I told him what we were looking to get done and he gave us options as well as explaining the process. He was quick to respond to any inquiry and most importantly was always transparent with both the pros and cons of the loan we wanted. A kind individual who listens to his customer and helps with whatever he can. Larry is an asset to organization and would not hesitate to use as well as recommend him in the future.

Carlos R — Apr 23, 2024

Made Me Feel Comfortable Larry was very patient,explained everything..answered all questions..he made me feel very comfortable about doing a reverse mortgage... thank you Larry for all your help.

Darlene W — Nov 14, 2014