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

(193)

Smooth Closing No rework, smooth closing. We were very happy. .

Stew & Susan C — Mar 22, 2023

Larry is a Nice Man Larry is a very nice man, answered all our questions. Everything went great.

Joyce S. — Jan 17, 2019

Extremely Patient, Courteous, and Helpful My father recently concluded a reverse mortgage for which Mr. Larry McAnarney was the loan officer.  I sat in with my father on several of the discussions to help him through the process.  Mr. McAnarney was extremely patient, courteous and helpful.  He answered all of our questions and went out of his way to make sure that my father understood his options and was comfortable.  His conduct was very professional, while exhibiting genuine care for the elderly client whom he was serving.  Both my father and I felt very confident about his knowledge, ethics and professionalism.  I would recommend Mr. McAnarney to anyone considering the option of a reverse mortgage.      

Jackie V — May 15, 2018

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