Larry McAnarney
815-703-4745

How can I receive the funds from a reverse mortgage?

You have a number of choices for how you receive your funds:

Lump sum
Monthly advances (either for a fixed length of time, or as long as you live in the home)
Line of credit (take funds when you need them) — this has become the most popular option
Or a combination of the above

Verified Reviews

(229)

Proficiency & Knowledge: Larry's proficiency and knowledge of the matter of reverse mortgage and its details was so helpful. Several members from my family of origin were also involved in helping me make this decision. Having a disability, I had to proceed consciously as I enter into my golden years of life. Larry was well aware of my situation and always kept that a consideration when developing this plan for me

Nik L: — Feb 20, 2025

Patiently Helped Me Through the Process If you are looking for a mortgage loan specialist who is exceptional look no further because Larry McAnarney is your man! I feel so blessed that I found him to help me refinance my house. I needed someone who would kindly, willingly, and patiently help me through the process. I had spent a considerable amount of time calling lenders near where I lived in Virginia and didn't feel comfortable with any of them. Frustrated, I went online and the very first website that came up was Larry's company. I searched the reviews and was highly impressed so I called and Larry answered. I told him what I needed, he listened patiently and explained what he could do for me. That phone call was the first, but not the last of many phone calls over a number of months because my refinance was not an easy one by any means mainly due to problems with my HOA. Larry worked diligently with my HOA to help untangle the issues we were dealing with when I seemed to get nowhere with them. I believe today that I would never have finally gotten my refinance at all if not for Larry's ability to never give up on me and my situation until it was resolved. He always answered my emails and phone calls promptly and I truly appreciated that. I asked lots of questions and he made sure he answered them all to my satisfaction. I feel it is becoming rarer today to find honest, helpful men like Larry. I truly appreciate and feel fortunate that he appeared in my life to help me when he did

Mary P — Dec 21, 2021

Great Job Explaining the Details Larry, who was the lead on the reverse mortgage program, was great in explaining what all was in involved up front in the process. He also did a great job in explaining the details and meaning of all the steps in terms that I could clearly understand.

John S — Sep 24, 2019