Larry McAnarney
815-703-4745
Texas Reverse Mortgage Information
Welcome to the Texas Reverse Mortgage Information Center
Welcome to Mutual of Omaha Reverse Mortgage, your trusted source for comprehensive information on reverse mortgages in the Lone Star State. If you're a homeowner aged 62 or older in Austin, Dallas/Fort Worth, Houston, San Antonio, Lubbock, Wichita Falls, or anywhere else, discover how you can leverage your home equity to achieve financial security and peace of mind in retirement.
Why Choose a Reverse Mortgage in Texas?
Texas is known for its rich history, diverse culture, and strong sense of community, making it a popular place to retire. With a reverse mortgage, Texas homeowners can access their home equity without the burden of monthly mortgage payments, providing flexibility to enjoy retirement on your terms.
Empowering Texas Homeowners
At Mutual of Omaha Reverse Mortgage, we're committed to empowering Texas homeowners to make informed decisions about their financial future. Larry McAnarney is an industry veteran and is dedicated to providing personalized guidance and support tailored to your unique needs and goals.
Larry McAnarney: Your Trusted Reverse Mortgage Expert
Larry McAnarney is a leading authority in the reverse mortgage industry. Since 1999 he has been helping homeowners unlock the potential of their home equity. As a Certified Senior Advisor (CSA), Larry is passionate about educating Texas homeowners about the benefits of reverse mortgages and helping them achieve financial security in retirement.
Your Path to Financial Freedom Starts Here
Whether you're looking to supplement your retirement income, cover medical expenses, or fund home renovations, a reverse mortgage could be the solution you've been searching for. Explore our comprehensive resources on reverse mortgages in Texas, including informative guides, articles, and tools designed to help you make informed decisions about your home equity.
Get Started Today
Ready to take the next step towards financial freedom? Contact Larry today at 815-703-4745 to schedule a consultation. Your path to financial security starts here.
Get a QuoteBelow are just a few of the Texas cities and counties where you can obtain a reverse mortgage.
Reverse Mortgage Frequently Asked Questions
Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
The specific amount depends on several factors, including:
- Your…
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…
The loan must be paid in full when one of the following occurs:
- A “maturity event” —…
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…