Larry McAnarney
815-703-4745

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.

Verified Reviews

(219)

Couldn't be Happier We recently closed our reverse mortgage with Larry McAnarney and couldn’t be happier. We don’t need the money, but Larry explained how we could set up a growing line of credit which could be used as possible future income, immediate liquidity, a long term care insurance hedge, and much more. We used this product as part of our retirement income planning strategy. Larry was very knowledgeable on all aspects of what we were trying to accomplish and very responsive to our needs and questions. He is highly recommended by us.

Jim & Marcia M — Jan 12, 2018

Larry treated me respectfully Larry treated me respectfully, explained every step in the process. He was always there for any questions I had. I would recommend him to all my friends and family.

Sheila R — Apr 29, 2015

A True Advocate I just completed the Reverse Mortgage Process with Larry McAnarney. Throughout this process, Larry kept me informed, answered my questions promptly and conducted himself with the highest degree of integrity. It means so much to me to have a true advocate throughout this process; a truly important transaction for me. I would highly recommend Larry to anyone securing a reverse mortgage.

Susan W — Apr 6, 2022