What has to be repaid when the loan becomes due?

You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually choose to do this through the sale of the home or other assets. Repaying the loan by refinancing through a conventional mortgage is also an option.

Verified Reviews


Always Courteous and Responded Timely Larry was recommended by my financial planner. He was always courteous and responded timely. He went to great lengths to make sure I understood the process allowing me to make an informed decision on the plan that would work best for me. He also attended the closing to make sure I wasn't alone. I would recommend Larry to anyone seeking help with a reverse mortgage. Lynn M    

Lynn M — Aug 26, 2016

God Bless I would not have been able to do it without Larry, God Bless      

Theresa G — Jan 5, 2024

Very Helpful Larry McAnarney was very helpful in getting my reverse mortgage. It was a new experience for me and he never refused a call or a question and guided me where I needed to be. Very informative, friendly. I did not feel like I was being talked to as a child but more of a friend. I will recommend him to anyone who should ask.      

Elizabeth H — Jan 31, 2022

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