Depending on your needs and plans, you have the choice of taking your funds as:
† 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.
HECM Loan Specialist, NMLS #21059
Call 815-703-4745 | firstname.lastname@example.org
Branch NMLS # 1404799
700 Commerce Drive, Suite 5055
Oak Brook, IL 60523
True Professional Larry was a true professional and really knows his stuff. He helped me with a financial problem and I now can breathe much easier knowing I can stay in my home.
Dolores R — Feb 3, 2015
Couldn't be Happier Couldn't be happier, Larry is very knowledgeable and helpful. Highly Recommended!!
Paul P — Sep 6, 2018
Couldn't be Happier We recently closed our reverse mortgage with Larry McAnarney and couldn’t be happier. We don’t need the money, but Larry explained how we could set up a growing line of credit which could be used as possible future income, immediate liquidity, a long term care insurance hedge, and much more. We used this product as part of our retirement income planning strategy. Larry was very knowledgeable on all aspects of what we were trying to accomplish and very responsive to our needs and questions. He is highly recommended by us.
Jim & Marcia M — Jan 12, 2018