Alexandria, Virginia Reverse Mortgages
Welcome to the Alexandria reverse mortgage information center
Larry McAnarney is your Alexandria licensed Reverse Mortgage Specialist
Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.
Larry McAnarney
NMLS ID 21059
Cell Phone: 815.703.4745
Mutual of Omaha Reverse Mortgage
1 E 22nd St. Ste 401
Lombard, IL 60148
Corporate NMLS ID 1025894
I have been educating and answering questions for homeowners and their families about reverse mortgage programs since 1999.
For so many homeowners age 62 and older, a Home Equity Conversion Mortgage (HECM) – also known as a reverse mortgage loan – could be a flexible and effective way to turn the equity you have in your home into funds you can use.
My experience is broad and deep in financial services dedicated to senior households. Today, as a Reverse Mortgage Specialist, my focus is on helping homeowners 62 and older, and their families, understand the reverse mortgage loan process from end to end.
Some Fast Facts About Larry McAnarney
- Co-Author, The Road to Success (Celebrity 2016), Amazon Bestseller
- Quoted in Bloomberg Businessweek (Dec 2015)
- Featured in The Reverse Review (Jan 2016)
Professional Affiliations
- Member of the Society of Certified Senior Advisors since 2006
- Member of the Financial Planners Association
- Volunteer, AARP Representative Payee Program since 2009
Larry McAnarney is your Prescott licensed Reverse Mortgage Specialist
Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.
Larry McAnarney
HECM Loan Specialist
NMLS# 21059 | 815-703-4745
Mutual of Omaha Reverse Mortgage
100 W 22nd St. Ste 101
Lombard, IL 60148
Discover a Trusted Virginia Reverse Mortgage Lender
Welcome to Mutual of Omaha Reverse Mortgage, your reliable source for reverse mortgage information in Virginia. Whether you're in Roanoke, Norfolk, Richmond, Portsmouth, Newport, or anywhere across the Commonwealth of Virginia, I can answer all your questions and provide you with the details you are looking for. If you're a homeowner aged 62 or older (55 in some states), discover how you can leverage your home equity to enhance your retirement and achieve your financial retirement goals.
Why Choose a Reverse Mortgage in Virginia?
Virginia offers a rich blend of history, culture, and natural beauty, making it a desirable place to retire. With a reverse mortgage, Virginia homeowners can unlock the equity in their homes without the burden of monthly mortgage payments, providing financial flexibility and peace of mind in retirement.
Larry McAnarney
HECM Loan Specialist
NMLS# 21059 | 815-703-4745
Empowering Virginia Homeowners
My team and I are dedicated to empowering Virginia homeowners to make informed financial decisions. I can provide personalized guidance and support tailored to your unique needs and goals. I believe in transparency, integrity, and excellence in customer service, ensuring that you have the resources and information you need to make the right choices for your financial future.
Unlock Your Home's Potential Today
Don't let your home equity go untapped—discover the possibilities of a reverse mortgage in Virginia today. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a home, or fund home renovations, a reverse mortgage could be the key to unlocking the equity in your home and securing your financial future.
Ready to Take the Next Step?
Contact me today at 815-703-4745 to schedule a no obligation consultation and learn more about how a reverse mortgage can help you achieve your financial goals in retirement. Your financial future starts here.
Contact me today to get started!
Verified Reviews
(193)
A Pleasure to Work With Larry was a pleasure to work with. He was very knowledgeable, pleasant, and patient with our endless questions and phone calls. He kept us updated with the next steps both by email and phone as well as providing us with a packet of information which helped us understand the reverse mortgage process. We would certainly recommend him to anyone considering a reverse mortgage
Bud & Betty C — Dec 5, 2018
Rated 5/5 | 193 Reviews
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
Rated 5/5 | 193 Reviews
Larry Takes the Time Necessary Larry takes the time necessary to make sure everyone in both the purchasing and selling groups understand the complete Reverse Mortgage for Purchase program. Larry does not hurry through the answers to questions, but does not waste time either. He will be the one suggested on any future transactions that need his help and assistance.
Ray K — Feb 17, 2020
Rated 5/5 | 193 Reviews
Read More Reviews
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.
Read More
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
Read More
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Read More
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
Read More
Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…
Read More
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
Read More
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…
Read More
You have a number of choices for how you receive your funds:
Read More
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
Read More
The specific amount depends on several factors, including:
Read More
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Read More
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…
Read More
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Read More
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
Read More
The loan must be paid in full when one of the following occurs:
Read More
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…
Read More
Below are just a few of the Alexandria cities and counties where you can obtain a reverse mortgage.
What is a reverse mortgage?
A Home Equity Conversion Mortgage, or HECM, is a flexible financial product designed for homeowners aged 62 and older. The loan is insured by the Federal Housing Administration (FHA) so that borrowers will not owe more than the value of the home at maturity. With a HECM, also known as a reverse mortgage, you can convert some of the equity in your home into cash to meet financial goals, such as supplementing retirement income, buying a new home, maintaining a quality lifestyle, or preparing for a more secure and rewarding financial future.
All that happens all without giving up ownership or control of your home and without having to make monthly mortgage payments. Of course, as homeowners, you are responsible for occupying the home as your primary residence, keeping up with property maintenance, and staying current on paying property taxes, required insurance and any homeowners’ fees.
Instead of repaying the loan in monthly installments, you or your estate repay the principal, accrued fees and interest when you no longer live in the home.
When it comes to getting your payment, you determine how you’d like to receive your funds based on your individual financial needs and objectives. For example:
- A monthly payment will supplement your income each month.
- A lump sum will provide your available funds at once, subject to initial disbursement limits.
- A line of credit will allow you to withdraw cash as you need it.
- Any combination of the above will give you the added value of flexibility to meet your personal financial requirements.
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.
Read More
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
Read More
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Read More
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
Read More
Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…
Read More
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
Read More
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…
Read More
You have a number of choices for how you receive your funds:
Read More
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
Read More
The specific amount depends on several factors, including:
Read More
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Read More
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…
Read More
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Read More
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
Read More
The loan must be paid in full when one of the following occurs:
Read More
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…
Read More