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

(219)

Great Job Explaining the Details Larry, who was the lead on the reverse mortgage program, was great in explaining what all was in involved up front in the process. He also did a great job in explaining the details and meaning of all the steps in terms that I could clearly understand.

John S — Sep 24, 2019

Made Me Feel Comfortable Larry was very patient,explained everything..answered all questions..he made me feel very comfortable about doing a reverse mortgage... thank you Larry for all your help.

Darlene W — Nov 14, 2014

Larry was Amazing Larry was amazing. He was prompt, efficient, responsive and knowledgeable. The whole process was a breeze. I would highly recommend him and his company to anyone in need of his services.We closed on time with no issues whatsoever.

Paulette R — Jan 29, 2020