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

(208)

Patiently Helped Me Through the Process If you are looking for a mortgage loan specialist who is exceptional look no further because Larry McAnarney is your man! I feel so blessed that I found him to help me refinance my house. I needed someone who would kindly, willingly, and patiently help me through the process. I had spent a considerable amount of time calling lenders near where I lived in Virginia and didn't feel comfortable with any of them. Frustrated, I went online and the very first website that came up was Larry's company. I searched the reviews and was highly impressed so I called and Larry answered. I told him what I needed, he listened patiently and explained what he could do for me. That phone call was the first, but not the last of many phone calls over a number of months because my refinance was not an easy one by any means mainly due to problems with my HOA. Larry worked diligently with my HOA to help untangle the issues we were dealing with when I seemed to get nowhere with them. I believe today that I would never have finally gotten my refinance at all if not for Larry's ability to never give up on me and my situation until it was resolved. He always answered my emails and phone calls promptly and I truly appreciated that. I asked lots of questions and he made sure he answered them all to my satisfaction. I feel it is becoming rarer today to find honest, helpful men like Larry. I truly appreciate and feel fortunate that he appeared in my life to help me when he did

Mary P — Dec 21, 2021

Patience & Professionalism Larry helped us through every step of the process with patience and professionalism. He answered all our questions. In addition, Larry is very kind and understanding. We are so happy that he was recommended to us by our nephew and financial advisor.

Tom & Jean C — Sep 26, 2018

Clone Larry! When we met Larry McAnarney, it did not take long to feel comfortable. There was no high pressure feeling; he answered our questions and put us at ease. Larry was great! Our Hud counselor, and the gentleman who did our closing were very good, too. Only one problem.....we should have done it sooner. Larry gets SIX stars. Bernice and Dave

Bernice & Dave L — Oct 28, 2014