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

(176)

Recommended by My Financial Planner Larry was sooo patient and guided me through the whole process. My circumstances were more complicated than usual and when I would get frustrated Larry spoke to me in a calming voice and  explained that it was part of the process of obtaining approval. Thank you Larry

Sandi C — Jan 18, 2019

Quick Response I had questions about reverse mortgages and how they worked. Larry called and explained everything to us very well. He was quick responding back when I contacted him about some concerns I had while I was deciding to go ahead or not. I would recommend him to others, very polite and helpful. Was a pleasure working with him.

Gloria M — Apr 9, 2014

Power of Attorney Larry McAnarney was very helpful with my reverse mortgage application and execution. I had a situation where my wife couldnt sign, so I had to use a power of attorney. Larry was very understanding and helpful throughout the process.    

Al & Linda M — Aug 7, 2019

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