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

(223)

Top Notch, Very Professional When I was referred to Larry my experience with him was just wonderful. He was available for all my questions and had all the answers. He explained everything in detail and said it in terminology that was very easy to understand. From the initial information about a reverse mortgage to giving advice about the house inspection. If anyone would ask me about a reverse mortgage I would not hesitate to give them your name Larry.

Roberta M — Jul 24, 2015

A True Advocate I just completed the Reverse Mortgage Process with Larry McAnarney. Throughout this process, Larry kept me informed, answered my questions promptly and conducted himself with the highest degree of integrity. It means so much to me to have a true advocate throughout this process; a truly important transaction for me. I would highly recommend Larry to anyone securing a reverse mortgage.

Susan W — Apr 6, 2022

Much appreciated blend of professionalism and cordialit Larry was a much appreciated blend of professionalism and cordiality. He was very thorough in the coverage of reverse mortgage issues and explained them with great clarity and patience. It was a good experience with a complicated matter.

Jeff R — Mar 17, 2016