Arizona Reverse Mortgage Information Center

Arizona Reverse Mortgage Information Center

Unlock Your Home Equity with a Reverse Mortgage in Arizona

Are you a homeowner in Arizona looking to access your home equity without monthly mortgage payments? Discover the financial freedom and peace of mind you deserve with a reverse mortgage from Mutual of Omaha Reverse Mortgage. Whether you are in Phoenix, Scottsdale, Prescott, Tucson, Flagstaff, or anywhere in the Grand Canyon State, I’m here to address your queries and furnish you with the details you need to make well-informed decisions

Why Choose a Reverse Mortgage in Arizona

Arizona homeowners aged 62 and older (55 in some states), you have a valuable financial tool at your disposal: the reverse mortgage. With a reverse mortgage, you can convert a portion of your home equity into tax-free cash without having to sell your home or take on monthly mortgage payments. Whether you're looking to supplement retirement income, cover unexpected expenses, purchase a retirement home, or simply enhance your quality of life, a reverse mortgage can provide the flexibility and stability you need.

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

My Commitment to You

I understand the importance of making informed financial decisions. That's why my team of experienced professionals are dedicated to guiding you through every step of the reverse mortgage process. From initial consultation to loan closing, I am here to answer your questions, address your concerns, and ensure that you feel confident and empowered in your decision.

Why Larry McAnarney?

  • Expertise: Since 1999, I have been helping clients navigate the reverse mortgage process through knowledge, expertise, and experience.
  • Personalized Service: I take the time to understand your unique financial situation and goals, tailoring our services to meet your specific needs.
  • Transparency: I believe in transparency and honesty. You can trust me to provide clear, straightforward information about reverse mortgages, including costs, benefits, and potential risks.

Ready to Get Started?

Unlock the potential of your home equity with a reverse mortgage from Mutual of Omaha Reverse Mortgage. Contact me today at 815-703-4745 to schedule a free no-obligation consultation.

Your financial future starts here. Get a Quote.

Verified Reviews

(197)

Excellent Loan Officer Larry McAnarney was an excellent loan officer. Extremely helpful, always responding immediately to our questions or concerns. Larry knew what we needed and how to achieve it. We definitely recommend Larry      

Jeff & JoAnne R — Jan 29, 2022

Reverse Mortgage Purchase Program Larry was a great help in helping my mother purchase her new home using the reverse mortgage purchase program. Part of my mother's income comes from French pensions and needed additional verification/proof which was not easy - but Larry was readily available to help simplify the process and explain the details. I would definitely recommend using Larry for anyone looking into getting a reverse mortgage. He is straightforward and trustworthy. Thanks again!      

Olivier D — Mar 14, 2018

Larry is a Nice Man Larry is a very nice man, answered all our questions. Everything went great.

Joyce S. — Jan 17, 2019

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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.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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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…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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The specific amount depends on several factors, including:

  • Your…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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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…

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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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Below are just a few of the Arizona cities and counties where you can obtain a reverse mortgage.