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.
Reverse Mortgage Experience Excellent service! We were lucky to deal with Larry McAnarney who with his know-how and involvement helped us through a very difficult time. He went above and beyond his responsibilities to help us in the reverse mortgage world. Thanks!
Thomas & Denise C — May 14, 2014
Very Thoughtful and Professional Larry is a very thoughtful and professional person. He carefully and with great patience took me through the process and gained my respect and trust. Always available and always following up, without the sales push and aggressiveness of other companies I talked with. Great person to work with and I highly recommend him
Javier I — Nov 13, 2017
Fantastic at What He Does I think that Larry McAnarney is fantastic at what he does and wonderful person in and out. I don’t know what I would have done without his help. I would recommend him to anyone looking for reverse mortgage information.
Dolores P — Mar 13, 2017