Larry McAnarney
815-703-4745

Can I refinance my existing mortgage, home equity loan, or other debts with a reverse mortgage?

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 mortgage can be a more suitable solution. That's because a reverse mortgage has a flexible repayment feature, which puts you in control of how much you pay towards principal and interest each month. For as long as you live in the home, you can choose to pay as much as little as you like, or make no monthly loan payment at all — freeing up money for other purposes.

As the homeowner, you'll still have to pay property taxes and insurance, and keep the home in good shape.

Verified Reviews

(229)

Professional, Knowledgeable, Responsive Larry was terrific. Very professional, knowledgeable and responsive.

John & Carol L — Oct 27, 2016

HIGHLY Recommend Larry and his Team: I will admit that I was a little overwhelmed with the process in general, but Larry completely walked me through the process and answered all my questions and left me feeling positive about my decision. They both were very patient with me, and I feel as though with their help and knowledge I made the correct decision for me and my family. HIGHLY recommend Larry and his team of professionals

Kathy W — Oct 2, 2025

Larry is Very Knowledgeable in Reverse Mortgages: I really appreciate Larry's help with my mom's reverse mortgage. The communication was instrumental in completing this. There were many challenges for our family and on Larry's end to complete this. I recommend you reach out to Larry if there are any questions as he is very knowledgeable in reverse mortgages. Thanks for all Larry

Dwight C — Jun 25, 2025