Larry McAnarney
815-703-4745

When will the principal and interest charges become due?

The loan must be paid in full when one of the following occurs:

A “maturity event” — the loan becomes due and payable when the home is sold, or the borrower or qualified non-borrowing spouse no longer occupies the home as their principal residence (i.e., passes away, moves out, or vacates the property for more than 12 months) due to mental or physical illness.
You fail to pay property taxes or homeowners insurance.
You let the property deteriorate beyond what is considered reasonable wear and tear, and do not correct the problem.

Verified Reviews

(229)

Very Happy Realtor As the buyers and sellers agent I can tell you that Larry was very responsive and answered all our questions on the reverse mortgage purchase transaction. He was able to get this loan closed after several other conventional lenders had turned down the buyer’s loan.

Denise M — Dec 19, 2017

Larry Was Outstanding & Patient Larry was outstanding and patient in his help. Over the phone, he took me page by page in filling out the forms, a task that otherwise would have been daunting. He answered all my questions with kindness and courtesy. He made the reverse mortgage happen. I could not have done it without his help. He is the best!

Carol F — Jan 26, 2024

Larry Made it Great Larry McAnarney made it great. Give him a raise. .

Kathryn G — May 16, 2023