Indiana Reverse Mortgage Information

Indiana Reverse Mortgage Information

Discover Trusted Indiana Reverse Mortgage Lenders

Welcome to Mutual of Omaha Reverse Mortgage in Indiana, your trusted resource for reverse mortgage information in the Hoosier State. If you're a homeowner aged 62 or older in Indiana, including Indianapolis, Bloomington, Muncie, Terra Haute, or anywhere else in Indiana, explore how you can unlock the potential of your home equity.

Meet Larry McAnarney: Your Trusted Reverse Mortgage Expert

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

Larry has been a distinguished leader in the reverse mortgage industry since 1998, helping homeowners across Indiana navigate the complexities of reverse mortgages. As a Certified Senior Advisor (CSA), Larry brings unparalleled expertise and dedication to every client he serves.

Why Choose Larry McAnarney?

Larry's in-depth knowledge and understanding of reverse mortgages make him a trusted advisor for Indiana homeowners seeking financial flexibility in retirement. Whether you're looking to supplement your retirement income, cover healthcare expenses, or pursue your dream retirement lifestyle, Larry is committed to providing personalized guidance tailored to your unique needs and goals.

Your Path to Financial Freedom Starts Here

Explore our comprehensive resources on reverse mortgages in Indiana. Discover how a reverse mortgage can empower you to achieve financial security and peace of mind in retirement. Let Larry and his team of experienced specialists provide the information and answers you need.

Get Started Today

Ready to explore the possibilities of a reverse mortgage in Indiana? Contact Larry at 815-703-4745 to schedule a consultation. Take the first step towards securing your financial future with expert guidance and support.

Experience Larry McAnarney's Expertise

Trust Larry to navigate you through the reverse mortgage process with integrity, professionalism, and a commitment to excellence. Benefit from Larry's wealth of experience and discover the benefits of a reverse mortgage tailored to your needs in Indiana today.

Get a Quote Today

Verified Reviews

(197)

Larry made it easy Larry made the process easy to get thru.

Kathy K. — Jan 24, 2014

I would recommend Larry in a heartbeat Larry took me the whole way through this unchartered land of reverse mortgages with finesse! His professionalism when I asked seemingly ignorant questions was very respectful and considerate. In working with different lenders along this journey, I contacted Larry again after several months and he led me through the rest of the way! I would highly recommend Larry in a heartbeat! Thanks so much for all your help!

Dana F — Aug 17, 2022

Made Us Feel Comfortable Larry explained everything so we understood it, answered all our questions, and made us feel comfortable going forward. .

Joe & Sandy F — Apr 30, 2023

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Reverse Mortgage Frequently Asked Questions

Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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The specific amount depends on several factors, including:

  • Your…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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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…

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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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Below are just a few of the Indiana cities and counties where you can obtain a reverse mortgage.