Larry McAnarney
815-703-4745

CONTACT ME GET A QUOTE

Kenosha, WI Reverse Mortgages

Name: Larry McAnarney
Brand: Mutual of Omaha Reverse Mortgage
Rating: 5 (211 reviews)

Kenosha Reverse Mortgages, Information For Kenosha, WI.

Welcome to the Kenosha, Wisconsin Reverse Mortgage Information Center

Larry McAnarney is your Kenosha licensed Reverse Mortgage Specialist

Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Contact Me Request a Quote

Discover Trusted Wisconsin Reverse Mortgage Lenders

Welcome to the Mutual of Omaha Reverse Mortgage in Wisconsin. If you're a homeowner aged 62 or older in the Badger State, including Madison, Milwaukee, Lacrosse, Janesville, Wausau, Kenosha, Eau Claire, or anywhere else in Wisconsin, explore 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

NMLS# 21059 | 815-703-4745

Contact Me Request a Quote

Larry is a seasoned reverse mortgage professional since 1998. 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 in Wisconsin.

Why Choose Larry McAnarney?

Larry's extensive knowledge and understanding of reverse mortgages make him a trusted advisor for Wisconsin homeowners seeking financial flexibility in retirement. Whether you're looking to supplement your retirement income, cover healthcare expenses, or pursue your dream retirement lifestyle, Larry is committed to providing personalized guidance tailored to your unique needs and goals.

Your Path to Financial Freedom Starts Here

Benefit from Larry's wealth of knowledge and expertise as you navigate the reverse mortgage process and secure your financial future. Ready to explore the possibilities of a reverse mortgage in Wisconsin? Contact Larry McAnarney and the team at 815-703-4745 to schedule a consultation. Take the first step towards financial security and peace of mind in retirement with expert guidance and support from Larry.

Experience Larry McAnarney's Expertise

Trust Larry to guide you through the reverse mortgage process with integrity, professionalism, and a commitment to excellence. Discover the benefits of a reverse mortgage tailored to your needs in Wisconsin today.

Your financial future starts here. Get a Quote.

Verified Reviews

(211)

Larry McAnarney was excellent Larry McAnarney was excellent. He made sure we understood the process, was patient. Larry made sure during our refinancing that we were getting a good interest rate. We have used Larry twice and have been pleased both times

Bud & Betty C Repeat Customer — Feb 7, 2021

Easy Process and Friendly Service Larry was great to work with. He guided me through the process and was very specific about the information I needed to provide so that I was prepared each time we met. He came to my home for all of our meetings and that was very convenient for me. Larry was aware that I needed to get my loan closed as soon as possible and he made sure the underwriters were aware of that. When it was time for me to close, I asked Larry to be there since I trusted him and wanted his support. He was there as promised. Closing was easy and straighforward and everything went the way I expected. I am very pleased with Larry and would recommend them highly.

Rhonda T — Oct 19, 2015

Larry Did a Great Job I originally began dealing with a different national lender but was uncomfortable with their rep and the answers he was giving me. I found Larry McAnarney’s name after a search on the web and called his cell on a weekend. He answered and told me about his company, his personal credentials and experience and impressed me at the outset with a patient and caring manner. He had no hesitancy about going to bat on my behalf with his underwriters and that in particular smoothed and expedited the process. I unequivocally recommend Larry McAnarney to anyone considering a reverse mortgage

Jeffrey L — Dec 2, 2020

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.

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

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

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

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

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

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…

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

Lump sum
Monthly…

A reverse mortgage offers certain advantages:

With a traditional home equity loan or home equity line of credit, you…

With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

The specific amount depends on several factors, including:

Your…

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

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…

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

A “maturity event” —…

The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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

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

What is a reverse mortgage?

A Home Equity Conversion Mortgage, or HECM, is a flexible financial product designed for homeowners aged 62 and older. The loan is insured by the Federal Housing Administration (FHA) so that borrowers will not owe more than the value of the home at maturity. With a HECM, also known as a reverse mortgage, you can convert some of the equity in your home into cash to meet financial goals, such as supplementing retirement income, buying a new home, maintaining a quality lifestyle, or preparing for a more secure and rewarding financial future.

All that happens all without giving up ownership or control of your home and without having to make monthly mortgage payments. Of course, as homeowners, you are responsible for occupying the home as your primary residence, keeping up with property maintenance, and staying current on paying property taxes, required insurance and any homeowners’ fees.

Instead of repaying the loan in monthly installments, you or your estate repay the principal, accrued fees and interest when you no longer live in the home.

When it comes to getting your payment, you determine how you’d like to receive your funds based on your individual financial needs and objectives. For example:

A monthly payment will supplement your income each month.
A lump sum will provide your available funds at once, subject to initial disbursement limits.
A line of credit will allow you to withdraw cash as you need it.
Any combination of the above will give you the added value of flexibility to meet your personal financial requirements.