Common Uses

Live more comfortably with a Home Equity Conversion Mortgage (HECM) loan. Its flexible repayment feature^† gives you more freedom in how you manage your monthly expenses, and you can use the funds as you choose. For example:

Dramatically lower your monthly mortgage payments
Consolidate auto loans and high-interest credit card debt, and reduce your bills
Improve monthly cash flow
Establish a standby line of credit you can tap into as needed
Gain payment flexibility, for more financial control
Fund large purchases like a new automobile
Assist a grandchild headed off to college
Fund major home renovation projects
Buy a home that better suits you

Depending on your needs and plans, you have the choice of taking your funds as:

A line of credit — which offers all the benefits of a traditional Home Equity Line of Credit, but with greater flexibility
Monthly advances, either for a set period of time or as long as you live in your home
A lump sum
Or a combination of these options
Plus, you can change how you receive your remaining funds at any time, if you need or want to

^† With a HECM loan, commonly known as a reverse mortgage, no principal and interest payments are required until you move, pass away or sell the home, as long as you meet your loan obligations. (As with any home-secured loan, you must keep current with property-related taxes, insurance and maintenance for the loan to remain in good standing.) However, you can opt to pay down your principal and interest if and when you choose; no pre-payment penalties apply.

To learn more, contact me today.

Larry McAnarney
HECM Loan Specialist, NMLS #21059
Call 815-703-4745 | lmcanarney@reversefunding.com

Branch NMLS # 1404799
700 Commerce Drive, Suite 5055
Oak Brook, IL 60523

Verified Reviews

(104)

Much appreciated blend of professionalism and cordialit Larry was a much appreciated blend of professionalism and cordiality. He was very thorough in the coverage of reverse mortgage issues and explained them with great clarity and patience. It was a good experience with a complicated matter.

Jeff R — Mar 17, 2016

Many Thanks! We were hesitant about a reverse mortgage but our financial planner referred Larry McAnarney to us. So glad he did! Larry is very personable and professional. He explained everything to us and made sure we completely understood it all. Anyone would surely benefit by having Larry to consult with on a reverse mortgage. Larry, many thanks for all your help and peace of mind! Many Thanks!

Lee & Jeanette P — Aug 17, 2017

Initially we were a bit hesitant and unsure Initially, my husband and I were a bit hesitant and unsure of seeking a reverse mortgage. Luckily, we were referred to Larry McAnarney by our finacial advisor and he explained in detail the whole concept. Larry was very professional and answered all our questions during the process. We would not hesitate to refer anyone to use Larry as their reverse mortgage consultant.

Dick & Dawn D — Jun 23, 2016

Common Uses

Live more comfortably with a Home Equity Conversion Mortgage (HECM) loan. Its flexible repayment feature† gives you more freedom in how you manage your monthly expenses, and you can use the funds as you choose. For example:

Verified Reviews

(104)

Live more comfortably with a Home Equity Conversion Mortgage (HECM) loan. Its flexible repayment feature^† gives you more freedom in how you manage your monthly expenses, and you can use the funds as you choose. For example: