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)

Job Well Done I would like to thank Larry McAnarney for a job well done in handling my grandmother’s reverse mortgage. Larry is very professional and knowledgeable of the entire process. If there was information that needed to be explained, confirmed or followed up on, Larry followed up with me in a timely manner. Recognizing that I am my grandmother’s POA, Larry was very patient as he walked me through the process on her behalf. I am at ease in knowing that as my grandmother continues to get older and deal with her various medical conditions, she will not have to worry about the finances. If you are considering a reverse mortgage for you or your loved one, I highly recommend Larry McAnarney. He will guide you through the process with ease.

T J. — Feb 14, 2022

Wonderful Experience I want to join the chorus of those who had a wonderful experience working with Larry. I was pretty sure that a reverse mortgage was the right path for my wife and myself to take at this stage of our lives, but she was somewhat reluctant and unsure. Larry was able to gain her confidence, as well as my own, in the manner of his presentation of just the facts - and his genuinely kind disposition. He was, as well, a very effective ally in dealing with the title company over a matter which was quite important to us. As a recently retired sales rep myself, I was most impressed by dealing with someone who truly puts the customer first.

Ted H — Feb 22, 2016

Excellent customer service Wonderful service. Know edge w Very helpful

Judy E — Jul 30, 2014