Will I be taxed on my reverse mortgage proceeds?
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Initially we were a bit hesitant and unsure Initially, my husband and I were a bit hesitant and unsure of seeking a reverse mortgage. Luckily, we were referred to Larry McAnarney by our finacial advisor and he explained in detail the whole concept. Larry was very professional and answered all our questions during the process. We would not hesitate to refer anyone to use Larry as their reverse mortgage consultant.
Dick & Dawn D — Jun 23, 2016
Larry Provided Quick and Accurate Information Larry was great to work with. He kept us informed by telephone and returned our emails promptly. He was considerate and courteous at all times. His experience was greatly appreciated in our complex matter. He was able to provide quick and accurate information resolving the issues. We would be very happy to recommend Larry. We want to thank you again for all your hard work!!!
Tito & Linda N — May 23, 2017
Larry was great at explaining the procedure Larry was great at explaining the procedure. Kept me up to date on what was happening next and answered all my questions quickly. Would recommend him to anyone looking for same solution
Susan G — Jul 16, 2022