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

(233)

Many Thanks! We were hesitant about a reverse mortgage but our financial planner referred Larry McAnarney to us. So glad he did! Larry is very personable and professional. He explained everything to us and made sure we completely understood it all. Anyone would surely benefit by having Larry to consult with on a reverse mortgage. Larry, many thanks for all your help and peace of mind! Many Thanks!

Lee & Jeanette P — Aug 17, 2017

Delight to Work with Larry Larry McAnarney was such a delight to work with. He handled everything with professionalism, but was also very personable, which helped calm a lot of nerves. All my questions were answered satisfactorily, and throughout the process, Larry kept me informed and updated, and he kept to his word at all times. I have a check in the bank and can now do what I had initially needed this reverse mortgage for. I am so glad he was recommended to me, and I now recommend him to anyone who needs assistance with reverse mortgage. .. it's definitely not as scary as we all are made to think! Thank-you Larry... God bless you!!!

Nancy M — Jul 22, 2016

Reverse Mortgage through Larry McAnanery Larry made the whole process so easy and easy to understand. He answered all of our questions and let us know everything that was going on. He was even at our closing I would DEFINITELY recommend him to friends and family

Susan K — Aug 12, 2014