Larry McAnarney
815-703-4745
Montana Reverse Mortgage Information
Explore Montana Reverse Mortgages with Larry McAnarney
Welcome to Mutual of Omaha Reverse Mortgage, where Montana homeowners aged 62 and older can discover the benefits of leveraging their home equity for a more secure retirement.
Whether you live in Helena, Billings, Butte, Bozeman, Missoula, Great Falls, or anywhere else in Montana, Larry is a seasoned expert in reverse mortgages and here to guide you through the process with personalized expertise and a deep understanding of Montana's unique real estate landscape.
Why Choose Larry McAnarney?
Since 1998, Larry brings over two decades of specialized experience in reverse mortgages to Montana residents. As a Certified Senior Advisor (CSA) and trusted member of the National Reverse Mortgage Lenders Association (NRMLA), Larry is committed to helping you navigate the complexities of reverse mortgages with clarity and confidence.
Your Montana Reverse Mortgage Resource
Explore our resources tailored specifically for Montana homeowners considering a reverse mortgage. Whether you're looking to supplement retirement income, cover unexpected expenses, or enhance your financial flexibility, Larry is dedicated to providing you with the information and guidance you need.
Empowering Your Retirement Goals
At Mutual of Omaha Reverse, we understand that each homeowner's situation is unique. Larry’s approach is centered on empowering you to make informed decisions that align with your retirement goals and lifestyle aspirations. Let us help you explore the benefits of a reverse mortgage in Montana and discover how it can enhance your financial well-being.
Get in Touch with Larry McAnarney
Ready to learn more about reverse mortgages in Montana? Contact Larry today at 815-703-4745 to schedule a consultation. Take the first step towards securing your financial future and enjoying the retirement you deserve.
Experience Trust and Expertise
Trust Larry to provide personalized guidance and expert advice throughout your reverse mortgage journey in Montana. Benefit from his wealth of knowledge and experience to make the most informed decisions about leveraging your home equity.
Get a Quote TodayReverse Mortgage Frequently Asked Questions
Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
The specific amount depends on several factors, including:
- Your…
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
The loan must be paid in full when one of the following occurs:
- A “maturity event” —…
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…