North Dakota Reverse Mortgage Information

North Dakota Reverse Mortgage Information

Unlock Your Home's Equity: North Dakota Reverse Mortgage Information

Welcome to Mutual of Omaha Reverse Mortgage in North Dakota, your trusted resource for comprehensive information on reverse mortgages in the Lengendary State. If you're a homeowner aged 62 or older in Fargo, Bismarck, Grand Forks, Mandan, or anywhere else in North Dakota, discover how you can leverage your home equity to achieve financial security and peace of mind in retirement. Whether you want to explore the scenic Badlands, take in a summer evening along the Red River, or be close to family and friends, a reverse mortgage can provide the financial freedom to make these choices your own.

Meet Larry McAnarney: Your Trusted Reverse Mortgage Expert

Larry McAnarney, HECM Loan Specialist

Larry McAnarney

HECM Loan Specialist

NMLS# 21059 | 815-703-4745

When considering a reverse mortgage, it’s important to work with a knowledgeable and trusted professional. Larry McAnarney, a leading reverse mortgage specialist with Mutual of Omaha Mortgage, is here to help North Dakota homeowners navigate this process with confidence. With years of experience, Larry provides personalized guidance and support, ensuring that you understand all aspects of a reverse mortgage and how it can benefit you.

Why Choose Larry McAnarney?

Mutual of Omaha Reverse Mortgage is a respected name in the industry, known for its commitment to customer service and transparency. As a part of this reputable institution, Larry McAnarney offers the expertise you need to make the best financial decision for your retirement.

Your Path to Financial Freedom Starts Here

Explore our comprehensive resources on reverse mortgages in North Dakota, provided by Larry and his team of experienced specialists. From informative guides and articles to personalized consultations, we're here to help you make informed decisions about your home equity and secure your financial future.

Get Started with Larry McAnarney at Mutual of Omaha Mortgage

If you think a reverse mortgage might be right for you, Larry McAnarney and the team at Mutual of Omaha Mortgage are here to help. They understand the unique needs of North Dakota seniors and can guide you through every step of the process. Contact Larry today at 815-703-4745 to schedule a consultation.

Experience Larry McAnarney's Expertise

Trust Larry to guide you through the reverse mortgage process with integrity, professionalism, and a commitment to excellence. Discover the benefits of a reverse mortgage tailored to your needs in North Dakota today.

Your financial future starts here. Get a Quote.

Verified Reviews

(219)

Highly Impressed Upon my initial conversation with Larry I was highly impressed along with his credentials. As I continued to work along with him in obtaining all the documentation Larry requested, he came across some huge hurdles regarding my financial situation, but managed to resolve ALL  and was able to successfully acquire a reverse mortgage for myself. I cannot thank Mr. McAnarney enough for providing me with a comforting financial lifestyle.  Larry truly left me with a lasting and positive impression while accomplishing all that he could for me.  Emotionally now, I can see the light at the end of the tunnel. If you are looking to take the next step to financial security and peace of mind, I highly would recommend the very ultimate and polished man in his field, Mr. Larry McAnarney.

Donna G — Apr 4, 2017

Larry is Very Knowledgeable and Efficient Larry helped us with our mortgage from start to finish. He Is very knowledgeable, answered our questions, and told us what to expect in the process. Larry was very good at returning our calls when we had any questions. Highly recommend Larry as prior to finding him I did look at other company's and most were local numbers but then finding out they were based out of state and did not know our market like Larry does. Thank You for your service.    

Patricia D — Sep 3, 2020

High-Quality Service After discussing the reverse mortgage with my niece and being referred to you, I still had some hesitancy about going into the program. However, after speaking with you I became a little more at ease. With that being said, I would like to thank you for your time and expertise in processing my reverse mortgage. With your guidance during the process, you made it less overwhelming. Any questions I had you patiently answered them, so I understood. Thank you for your high-quality service.      

Barbara T — Oct 24, 2024

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Reverse 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.

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A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).

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You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…

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Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…

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The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…

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Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…

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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…

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You have a number of choices for how you receive your funds:

  • Lump sum
  • Monthly…
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A reverse mortgage offers certain advantages:

  • With a traditional home equity loan or home equity line of credit, you…
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With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…

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The specific amount depends on several factors, including:

  • Your…
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Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

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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…

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The loan must be paid in full when one of the following occurs:

  •  A “maturity event” —…
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The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.

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To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:

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Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…

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Below are just a few of the North Dakota cities and counties where you can obtain a reverse mortgage.