Corpus Christi, Texas Reverse Mortgages
Welcome to the Corpus Christi reverse mortgage information center
Larry McAnarney is your Corpus Christi licensed Reverse Mortgage Specialist
Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.
Larry McAnarney
NMLS ID 21059
Cell Phone: 815.703.4745
Mutual of Omaha Reverse Mortgage
1 E 22nd St. Ste 401
Lombard, IL 60148
Corporate NMLS ID 1025894
Texas SML Complaint/Recovery Fund Notice: http://www.sml.texas.gov/ResidentialMortgageLoanOriginator/documents/rmlo_compliance_reporting/rmlo_80_200_b_recovery_fund_notice.pdf
I have been educating and answering questions for homeowners and their families about reverse mortgage programs since 1999.
For so many homeowners age 62 and older, a Home Equity Conversion Mortgage (HECM) – also known as a reverse mortgage loan – could be a flexible and effective way to turn the equity you have in your home into funds you can use.
My experience is broad and deep in financial services dedicated to senior households. Today, as a Reverse Mortgage Specialist, my focus is on helping homeowners 62 and older, and their families, understand the reverse mortgage loan process from end to end.
Some Fast Facts About Larry McAnarney
- Co-Author, The Road to Success (Celebrity 2016), Amazon Bestseller
- Quoted in Bloomberg Businessweek (Dec 2015)
- Featured in The Reverse Review (Jan 2016)
Professional Affiliations
- Member of the Society of Certified Senior Advisors since 2006
- Member of the Financial Planners Association
- Volunteer, AARP Representative Payee Program since 2009
Larry McAnarney is your Prescott licensed Reverse Mortgage Specialist
Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.
Larry McAnarney
HECM Loan Specialist
NMLS# 21059 | 815-703-4745
Mutual of Omaha Reverse Mortgage
100 W 22nd St. Ste 101
Lombard, IL 60148
Welcome to the Texas Reverse Mortgage Information Center
Welcome to Mutual of Omaha Reverse Mortgage, your trusted source for comprehensive information on reverse mortgages in the Lone Star State. If you're a homeowner aged 62 or older in Austin, Dallas/Fort Worth, Houston, San Antonio, Lubbock, Wichita Falls, or anywhere else, discover how you can leverage your home equity to achieve financial security and peace of mind in retirement.
Why Choose a Reverse Mortgage in Texas?
Texas is known for its rich history, diverse culture, and strong sense of community, making it a popular place to retire. With a reverse mortgage, Texas homeowners can access their home equity without the burden of monthly mortgage payments, providing flexibility to enjoy retirement on your terms.
Empowering Texas Homeowners
At Mutual of Omaha Reverse Mortgage, we're committed to empowering Texas homeowners to make informed decisions about their financial future. Larry McAnarney is an industry veteran and is dedicated to providing personalized guidance and support tailored to your unique needs and goals.
Larry McAnarney: Your Trusted Reverse Mortgage Expert
Larry McAnarney
HECM Loan Specialist
NMLS# 21059 | 815-703-4745
Larry McAnarney is a leading authority in the reverse mortgage industry. Since 1999 he has been helping homeowners unlock the potential of their home equity. As a Certified Senior Advisor (CSA), Larry is passionate about educating Texas homeowners about the benefits of reverse mortgages and helping them achieve financial security in retirement.
Your Path to Financial Freedom Starts Here
Whether you're looking to supplement your retirement income, cover medical expenses, or fund home renovations, a reverse mortgage could be the solution you've been searching for. Explore our comprehensive resources on reverse mortgages in Texas, including informative guides, articles, and tools designed to help you make informed decisions about your home equity.
Get Started Today
Ready to take the next step towards financial freedom? Contact Larry today at 815-703-4745 to schedule a consultation. Your path to financial security starts here.
Get a Quote
Below are just a few of the Corpus Christi cities and counties where you can obtain a reverse mortgage.
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.
Read More
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
Read More
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Read More
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
Read More
Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…
Read More
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
Read More
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…
Read More
You have a number of choices for how you receive your funds:
Read More
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
Read More
The specific amount depends on several factors, including:
Read More
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Read More
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…
Read More
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Read More
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
Read More
The loan must be paid in full when one of the following occurs:
Read More
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…
Read More
Verified Reviews
(193)
Just like your best friend Larry made the whole process as if it was going to your favorite store. No pain he took it out of the process and was so very helpful. We started with a competitive company and the could get their act together we by chance came to Larry wish we would have started with him. Thank you Larry for a job well done.
Simon M. — Nov 26, 2022
Rated 5/5 | 193 Reviews
Pleased with the service I want to let you know I am very pleased with the service I received from Larry McAnarney. He was very polite and answered fully any questions I had. I am really happy I got to do business with him.
Gerry E — Jun 21, 2016
Rated 5/5 | 193 Reviews
Navigating Reverse Mortgages Made Easy Navigating the world of reverse mortgages was made easier with the help of Larry McAnarney. Larry answered his phone and returned all phone calls when he was unable to answer the phone. I contacted Larry to enlist his help with my sister and her husband to obtain a Reverse Mortgage. He met with them at their home, patiently answering all their questions as they sought to understand a reverse mortgage and helped them to understand all the necessary documents needed to secure the loan. My brother-in-law is unable to move about without a great deal of assistance and Larry arranged to close the loan at their home. I would recommend Larry to anyone who found themselves in need of a reverse mortgage.
Margaret C — Dec 13, 2019
Rated 5/5 | 193 Reviews
Read More Reviews
What is a reverse mortgage?
A Home Equity Conversion Mortgage, or HECM, is a flexible financial product designed for homeowners aged 62 and older. The loan is insured by the Federal Housing Administration (FHA) so that borrowers will not owe more than the value of the home at maturity. With a HECM, also known as a reverse mortgage, you can convert some of the equity in your home into cash to meet financial goals, such as supplementing retirement income, buying a new home, maintaining a quality lifestyle, or preparing for a more secure and rewarding financial future.
All that happens all without giving up ownership or control of your home and without having to make monthly mortgage payments. Of course, as homeowners, you are responsible for occupying the home as your primary residence, keeping up with property maintenance, and staying current on paying property taxes, required insurance and any homeowners’ fees.
Instead of repaying the loan in monthly installments, you or your estate repay the principal, accrued fees and interest when you no longer live in the home.
When it comes to getting your payment, you determine how you’d like to receive your funds based on your individual financial needs and objectives. For example:
- A monthly payment will supplement your income each month.
- A lump sum will provide your available funds at once, subject to initial disbursement limits.
- A line of credit will allow you to withdraw cash as you need it.
- Any combination of the above will give you the added value of flexibility to meet your personal financial requirements.
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.
Read More
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
Read More
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Read More
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
Read More
Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…
Read More
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
Read More
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…
Read More
You have a number of choices for how you receive your funds:
Read More
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
Read More
The specific amount depends on several factors, including:
Read More
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Read More
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…
Read More
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Read More
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
Read More
The loan must be paid in full when one of the following occurs:
Read More
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…
Read More