Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(229)

A pleasant experience Larry McAnarney was very professional yet warm in his dealing with both my wife and me. Our experience during the entire process was a pleasant one.

Paul C — Jan 30, 2014

Outstanding: Larry was outstanding in helping me navigate the steps for reverse mortage

Douglas C — Feb 22, 2025

The Process Went Smoothly All questions were answered in a timely manner. Process went along smoothly .

Norm J — May 3, 2023