Larry McAnarney
815-703-4745

Reverse Mortgage Alternatives

Alternatives to Reverse Mortgages

The reverse mortgage should not be considered a "first choice" for older adults looking for extra cash. There are alternatives. It does have its advantages, but in some cases, the reverse mortgage fees outway the benefits. Below are some reverse mortgage alternatives to consider before gettting this type of loan.

Reverse Mortgage Alternatives

Downsizing - Selling the home and moving into smaller quarters
The Home Equity Loan or Home Equity Line of Credit (HELOC)
Refinancing the home completely
Having the children buy the home, and lease back to you
Securing money for home repairs from other sources

To discuss these reverse mortgage alternatives with a licenced Reverse Mortgages Consultant (RMC), please Contact Us. The RMC can help you determine if the reverse mortgage alternative is a good financial choice for you.

Verified Reviews

(223)

Larry was Very Professional Larry was the best! Very professional. I'm in the real estate business as a Broker and Certified Appraiser I will pass his name and firm on to all my real estate friends. Thanks Larry

John M — Oct 6, 2022

Larry Organized Everything After we decided to do a reverse mortgage and some long searching, we found Larry McAnarney. We called Larry and he responded quickly and came to our house, answered all questions we had, that was it, Larry took over from there organizing everything. For us it took a very short time from 1st visit to closing. If you are looking to do a Reverse Mortgage, call Larry McAnarney first.

Geaorge & Angela M — Mar 27, 2019

Exceptionally Helpful Larry McAnarney was exceptionally helpful throughout the entire process. I was fully prepared for the closing, which went smoothly in no small part because Larry had educated me and kept me informed. I would not hesitate to recommend Larry to anyone who is considering a reverse mortgage

Joel F — Aug 27, 2021