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)

Very Happy Realtor As the buyers and sellers agent I can tell you that Larry was very responsive and answered all our questions on the reverse mortgage purchase transaction. He was able to get this loan closed after several other conventional lenders had turned down the buyer’s loan.

Denise M — Dec 19, 2017

Wouldn’t Think Twice I've had several businesses over my lifetime, and a lot of employees, and wouldn't have to think twIce before hiring Larry, great agent. Very helpful

Kerry D — Dec 7, 2023

Timely & Easy The process was timely and easier than I thought it would be.

Tracy B — Jul 22, 2024