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)

Overall Rating...Outstanding Presentation by Mr.McAnanarny very thorough and easy to understand.The closing was flawless and Mr. Mc followed up in a very timely manner. Overall rating...outstanding.

Tom G — Jan 7, 2016

All the help received from everyone especially Larry was awesome. Thank you

Kenneth P — Jul 3, 2025

Larry Continues to do a Truly Expert Job Larry did and continues to do a truly "EXPERT JOB" to simplify what is otherwise a seemingly complicated matter. I'm quite satisfied with all that he has done for me

John J — Dec 11, 2020