New Jersey Reverse Mortgage Information

New Jersey Reverse Mortgage Information

New Jersey Reverse Mortgage Information Center

At Mutual of Omaha Reverse Mortgage, we're dedicated to providing expert guidance and support to homeowners aged 62 and older throughout the Garden State. Industry veteran Larry McAnarney brings decades of experience and a commitment to excellence to every client we serve. If you are a homeowner in Atlantic City, Newark, Toms River, Trenton, or anywhere else, Larry will address your questions and provide the information you need to make a sound decision.

Larry McAnarney: Your Trusted Reverse Mortgage Expert

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Larry McAnarney is a leading authority in the reverse mortgage industry with a deep understanding of the unique needs and challenges facing New Jersey homeowners. Since 1999, Larry has helped countless individuals and families unlock the potential of their home equity to achieve financial security and peace of mind in retirement. I believe in transparency, honesty, and open communication, ensuring that you have all the information you need to make confident decisions about your home equity.

As a Certified Senior Advisor (CSA), Larry is dedicated to upholding the highest standards of professionalism, integrity, and customer service. He is passionate about educating homeowners about the benefits of reverse mortgages and empowering them to make informed decisions about their financial future.

Why Choose Mutual of Omaha Reverse Mortgage?

Mutual of Omaha Reverse Mortgage is a trusted name in the reverse mortgage industry, known for its commitment to integrity, reliability, and customer satisfaction. As a division of Mutual of Omaha Mortgage, we have the resources and expertise to provide personalized solutions tailored to your unique needs and goals.

How We Can Help You

Whether you're looking to supplement your retirement income, cover medical expenses, or fund home renovations, a reverse mortgage could be the solution you've been searching for. Larry is committed to helping you explore your options and find the right financial solution for your needs.

Get Started Today

Ready to learn more about how a reverse mortgage can help you achieve your financial goals in retirement? Contact Larry today at 815-703-4745 to schedule a consultation. Your path to financial security starts here.

Get a Quote

Verified Reviews

(212)

Couldn't be Happier We recently closed our reverse mortgage with Larry McAnarney and couldn’t be happier. We don’t need the money, but Larry explained how we could set up a growing line of credit which could be used as possible future income, immediate liquidity, a long term care insurance hedge, and much more. We used this product as part of our retirement income planning strategy. Larry was very knowledgeable on all aspects of what we were trying to accomplish and very responsive to our needs and questions. He is highly recommended by us.      

Jim & Marcia M — Jan 12, 2018

Shepherded me Through the Process In this day and age when it seems that customer service is a lost art, Larry stands out as one of the best. He shepherded me through this entire process and was very kind and extremely responsive. A reverse mortgage is a big decision - especially when you are by yourself, but it was lot easier because of Larry McAnarney

Patricia M — Jan 8, 2023

We Were Very Pleased Larry McAnarney was very thorough and responsive as we process our reverse mortgage loan. He was always available when we needed him and very prompt in his responses. He knew his product well and communicated with us in a way we could understand.

John & Tonya M — Jan 25, 2022

Read More Reviews

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.

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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

Read More

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…

Read More

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

  • Lump sum
  • Monthly…
Read More

A reverse mortgage offers certain advantages:

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

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

Read More

The specific amount depends on several factors, including:

  • Your…
Read More

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

Read More

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…

Read More

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

  •  A “maturity event” —…
Read More

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

Read More

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

Read More

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

Read More
Below are just a few of the New Jersey cities and counties where you can obtain a reverse mortgage.