Larry McAnarney
815-703-4745

Reverse Mortgage Income

Income From Reverse Mortgages

Reverse mortgage income, or proceeds, may be received in 4 ways. A lump sum payment, A line of credit, monthly reverse mortgage income payments, or a combination of the above. The amount of income you receive is based on the age of the youngest borrower, the homes value (less any outstanding mortgage) and the current interest rate. As far as Taxes, reverse mortgage income is not taxable. For more information About Reverse Mortgages, please see the Reverse Mortgage Information page of this website. You may also visit the following link to return to the Reverse Mortgage home page, or request a free Reverse Mortgage Quote online.

Verified Reviews

(223)

Prompt Communications I appreciate your service and prompt communications while providing my mother with her reverse mortgage. You have been very helpful from the outset and have kept me informed along the way.

Nicholas C — Dec 12, 2024

Responsiveness and Professionalism Responsiveness and professionalism. This was a big decision, and the entire team understood that and kept open lines of communication to create complete comfort and understanding.

Rick & Patricia K — Oct 30, 2024

Larry Was Outstanding & Patient Larry was outstanding and patient in his help. Over the phone, he took me page by page in filling out the forms, a task that otherwise would have been daunting. He answered all my questions with kindness and courtesy. He made the reverse mortgage happen. I could not have done it without his help. He is the best!

Carol F — Jan 26, 2024