Larry McAnarney
815-703-4745

Are interest rates fixed or variable?

Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate loan will receive their funds as a single disbursement lump sum. A lump sum disbursement is also available with an adjustable rate. A line of credit and monthly advances have an adjustable rate.

Verified Reviews

(224)

I'd Recommend Him to a Friend Larry was the best in working with us as a family. He took great care in making sure we knew everything was the best. I'd say he went above and beyond taking us through the process, and whatever question we had, he would answer clearly and thoroughly. Thanks for all you did to help us

Caroline V — Apr 16, 2016

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

Larry is an Exceptional Employee Larry McAnarney is an exceptional employee. His knowledge and experience were very important for Tom and I. Larry answered all of our questions about the process we were going through. Larry is the best at what he does and we give him a top star rating. Thank you for all your help and support.

Tom & Debbi B — Oct 5, 2020