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

(233)

Knowledgeable and Trustworthy I would never want to get this loan from someone who only does it once in a while because it is out of the range of basic knowledge. I have never done this myself and am not familiar with the options and nuances of the reverse mortgage products. It is obvious that Larry is very experienced with this particular product and keeps in constant contact so you are never left making decisions on your own. He was recommended to me by a family member and I would be comfortable doing the same

Nancy Z — Oct 27, 2020

Thank You, Larry! Larry McAnarney is our reverse mortgage loan specialist. He did an excellent job of explaining the reverse mortgage programs, the process, requirements, how the monies would be accessed if approved. He followed up with me multiple times before I made the decision to proceed which I really appreciated. He assisted me in wading through all of the requirements in the application process. He was always available for a question either by email or phone. He was always encouraging and optimistic about our chances for success. He was helpful and very clear as to all the documents I needed to prepare and always allowed me a reasonable amount of time to comply. As our house is in trust there were further "hoops to jump through." Larry truly went above and beyond the call of duty on our behalf with the underwriters. I have no doubt that his extra hard work won the approval of our reverse mortgage. I couldn't recommend him more highly. He has my thanks!

Jacquelyn W — May 6, 2015

Incredibly Patient: Larry was incredibly patient with my mother as we worked through the reverse mortgage process. He was great at keeping us updated and he took the initiative to work through an issue allowing a better result. I would recommend Larry 100%.

Renee O — Mar 26, 2025