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.
Larry is a Nice Man Larry is a very nice man, answered all our questions. Everything went great.
Joyce S. — Jan 17, 2019
You Were There for Us My husband and I are so glad we had you help us with our reverse mortgage. We could not have had a more professional nice person take care of our needs. You helped us above and beyond. You were there for us with all our questions and concerns. We appreciated it very much.Thanks again Harlan and Jennie
Harlan & Jennie S — Jun 27, 2016
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