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

(104)

Larry Knows His Business Larry did a great job with follow up when I needed questions answered. Still a little in the fog about how to pull more funds from my account, if I have a need down the road.

Jim D — Jul 17, 2015

Larry is Extremely Professional Larry was extremely professional. He was able to answer all questions -- very knowledgeable and patient. I would highly recommend Larry to anyone considering a reverse mortgage    

John L — Dec 27, 2019

Great experience Larry McAnarney was just super. He helped us stay organized and explained everything that needed to happen to complete the reverse mortgage. We really couldn't have done it without him. Like anything that's associated with the government, there are lots of hoops to jump through. But Larry was very patient with our questions and was easy to work with from start to finish. My wife was getting impatient with the process and said some things that would have caused most people to say good-bye, but Larry stayed calm and didn't put any pressure on us to make a final decision. He treated us with respect and wanted to be sure that WE were happy with what we were doing. I'd highly recommend Larry to anyone who is considering a second mortgage. It was a great experience.

Terry M — Aug 14, 2015

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This material has not been reviewed, approved or issued by HUD, FHA or any government agency. The company is not affiliated with or acting on behalf of or at the direction of HUD/FHA or any other government agency. RMF is a Licensed Mortgage Banker in the State of New York, but this loan originator and site are not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site.

© 2020 Reverse Mortgage Funding LLC, 1455 Broad St., 2nd Floor, Bloomfield, NJ 07003, 1-888-494-0882. Legal approval #L976-Exp042018, Company NMLS ID # 1019941. For licensing information go to www.nmlsconsumeraccess.org/?EntityDetails.aspx/?COMPANY/1019941. For California consumers: For information about our privacy practices, please visit www.reversefunding.com/privacy . Not all products are available in all states. Terms subject to change without notice. Certain conditions and fees apply. This is not a loan commitment. All loans subject to approval. For more information about Larry McAnarney go to https://local.reversefacts.com/larry-mcanarney-d5f3b06e35a1
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