Larry McAnarney
815-703-4745

Reverse Mortgage Income

Income From Reverse Mortgages

Reverse mortgage income, or proceeds, may be received in 4 ways. A lump sum payment, A line of credit, monthly reverse mortgage income payments, or a combination of the above. The amount of income you receive is based on the age of the youngest borrower, the homes value (less any outstanding mortgage) and the current interest rate. As far as Taxes, reverse mortgage income is not taxable. For more information About Reverse Mortgages, please see the Reverse Mortgage Information page of this website. You may also visit the following link to return to the Reverse Mortgage home page, or request a free Reverse Mortgage Quote online.

Verified Reviews

(216)

Larry is the best hand holder Larry is the best hand holder anyone could ask for, very detailed orientated and worked well with all the other parties behind the scene in our best interest.Larry would always get us back on track when we started to stray during the process and was there at the end to help with the closing.

Phil R — Jan 28, 2020

Very Helpful and Efficient Larry McAnarney was very helpful and efficient with us in putting together a refinance of our reverse mortgage. He was easy to work with and made this journey a pleasant and expedient task

Dennis & Gretchen P — Nov 22, 2021

Larry Explains Everything Larry is the best, he explains everything clearly and didn't get frustrated if I asked too many questions. I would refer him to anyone who is considering a reverse mortgage. He was extremely easy to talk to and took the time to explain the answers to my questions

Patti S — Jul 1, 2021