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

(212)

Larry is Very Professional and Helpful Larry has been very professional and helpful in the reverse mortgage process. He always kept me updated during this process and giving me feedback. Thank you Larry

Rogeilo C — Nov 14, 2020

Top Notch, Very Professional When I was referred to Larry my experience with him was just wonderful. He was available for all my questions and had all the answers. He explained everything in detail and said it in terminology that was very easy to understand. From the initial information about a reverse mortgage to giving advice about the house inspection. If anyone would ask me about a reverse mortgage I would not hesitate to give them your name Larry.

Roberta M — Jul 24, 2015

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