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

(224)

Shepherded me Through the Process In this day and age when it seems that customer service is a lost art, Larry stands out as one of the best. He shepherded me through this entire process and was very kind and extremely responsive. A reverse mortgage is a big decision - especially when you are by yourself, but it was lot easier because of Larry McAnarney

Patricia M — Jan 8, 2023

Larry is a Nice Man Larry is a very nice man, answered all our questions. Everything went great.

Joyce S. — Jan 17, 2019

I Trust Larry I was very happy I chose Larry to help me with this loan. He was very helpful and answered all my questions. He answered all my concerns and I trusted him. I would recommend him to any one who needs or wants a reverse mortgage loan. I can call him anytime if I need to and I know he will answer my call.

Dorothy B — May 14, 2015