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)

Larry Worked Very Hard Larry went the extra mile in getting the loan to go through, and although I am in a better situation than before, the process did not end up creating what I needed it to create, but I am grateful for the fact that things are better. This was still the road I needed to take, and Larry worked very hard to make it happen. .

Lita T — Aug 21, 2023

Shepherded me Through the Process In this day and age when it seems that customer service is a lost art, Larry stands out as one of the best. He shepherded me through this entire process and was very kind and extremely responsive. A reverse mortgage is a big decision - especially when you are by yourself, but it was lot easier because of Larry McAnarney

Patricia M — Jan 8, 2023

HIGHLY Recommend Larry I had the pleasure of working with Larry McAnarney for a reverse mortgage for my mother. My mom wanted to stay in her home for her senior years and needed to do the reverse mortgage for the 24/7 in home care that was needed. I received Larry's name and contact information from a small-town bank near my mom's house. Knowing nothing about reverse mortgages, I knew I needed an expert and someone that would be patient, helpful, and willing to share all his knowledge. I found all of that, and more, in Larry. Every phone conversation, zoom call, and email from Larry was filled with valuable information that helped me, my mom, and my siblings through the entire reverse mortgage process. I felt like he was "holding my hand" as the process moved forward and that he always had my mom's best interests in mind. Larry is a very caring and compassionate person, and I could genuinely feel his desire to truly help our family. I never felt afraid, unsure, or concerned. Larry was always available to talk or text and he quickly replied to e-mails (even when I sent them in the middle of the night) The paperwork and forms he provided were very organized and detailed and I appreciated that Larry took the time to carefully explain all of the information. I have nothing but positive things to say about Larry. When the mortgage was approved and closed, I remember thinking "I'm going to miss Larry." Good people like Larry are hard to find.

Doreen S — Mar 13, 2021