Larry McAnarney
815-703-4745
Nebraska Reverse Mortgage Information
Welcome to Mutual of Omaha Reverse Mortgage, your trusted resource for comprehensive information on reverse mortgages in Nebraska. Whether you are in Omaha, Lincoln, Bellevue, Grand Island, Kearney, or anywhere else in the Cornhusker State, I can answer all your questions and provide you with the information you are looking for. If you are a homeowner aged 62 or older (55 in some states), you have a valuable financial tool at your disposal: the reverse mortgage. This innovative financial solution can unlock the equity in your home and transform your retirement income planning.
Why Choose a Reverse Mortgage in Nebraska?
Nebraska is renowned for the Dissected Till Plains and the Great Plains and is the crossroads of East meets West and North meets South. As a homeowner in Nebraska, you've likely built considerable equity in your property over the years. A reverse mortgage allows you to access that equity without the stress of monthly mortgage payments. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a retirement home, or embark on new adventures, a reverse mortgage offers the flexibility and freedom you need to enjoy your golden years to the fullest.
Financial Wellness Begins Here
Ready to take the next step towards financial freedom? Explore our comprehensive resources on reverse mortgages in Nebraska, including in-depth guides, informative articles, and helpful tools. We're here to equip you with the knowledge and insights you need to make the most of your home equity.
Unlock Your Home's Potential
Your home is more than just a place to live—it's a valuable buffer asset that can enhance your financial well-being in retirement. Discover how a reverse mortgage can help you unlock your home's potential and achieve your long-term goals. Contact me today at 815-703-4745 to schedule a free no obligation consultation. Your journey to financial freedom starts here.
Why Choose Larry McAnarney and Mutual of Omaha Reverse Mortgage?
With extensive experience and a deep commitment to helping seniors achieve financial security, Larry McAnarney is a highly respected reverse mortgage specialist. He offers personalized service and expert guidance to ensure that you fully understand the reverse mortgage process and make informed decisions.I believe in transparency, honesty, and integrity, ensuring that you have all the information you need to make confident choices about your financial future. I can provide you with personalized guidance and support tailored to your unique needs and goals.
- Experience and Reputation: Larry McAnarney brings decades of experience and a wealth of knowledge to the table, ensuring you receive top-notch service and advice.
- Customer Service: Committed to providing excellent support, Larry and his team at Mutual of Omaha are known for their clear communication and responsiveness throughout the process.
- Competitive Rates: Benefit from competitive interest rates and transparent fee structures tailored to meet your financial needs.
- Educational Resources: Mutual of Omaha offers a variety of educational materials to help you understand the reverse mortgage process and make informed decisions.
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…
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…
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
The specific amount depends on several factors, including:
- Your…
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
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…
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
The loan must be paid in full when one of the following occurs:
- A “maturity event” —…
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…