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

(229)

Helpful & Professional I appreciate how helpful and how professional my needs were met. The process was carried out in a timely manner, and when I needed to question anything, I was answered promptly. I am extremely pleased, thank you Larry, I would recommend you to anyone who is in need of this service. .

Stephanie J — Mar 7, 2023

Nervous in the Beginning Larry was very knowledgeable about the processing of the reverse mortgage. He answered all my questions in a way that I could understand each step of the process. I was nervous in the beginning but with Larry helping me step by step in understanding the process, I became very much at ease. I would be more than happy to recommend others who would want to do a reverse mortgage. Again, thank you Larry.  

Dorthie A — Feb 6, 2017

Larry is an Asset to the Company I had been thinking about a Reverse Mortgage for some time but was hesitant to take the first step. A friend gave me Larry’s name and I decided to talk to him. Larry was helpful, answered questions and made the process easy and efficient. He is an asset to the company, and I would give him a 5-star rating and recommend him to others doing a Reverse Mortgage

Veronica S — Jan 11, 2023

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