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

(224)

Outstanding in Handling Everything Please let all at Mutual of Omaha know that you and your staff were outstanding in handling all the completed matters associated with getting this purchase loan done. We had realtors on vacation in Mexico and an estate representative on vacation in China creating many challenges. My realtor lost control and your efforts allowed us to get all the paperwork done and close the deal. Thanks again, I am so happy with the new digs and just finished up my new cash flow. I am free for life! Wow, such an exciting moment.

Gary N — Mar 21, 2024

Larry Did a Great Job I originally began dealing with a different national lender but was uncomfortable with their rep and the answers he was giving me. I found Larry McAnarney’s name after a search on the web and called his cell on a weekend. He answered and told me about his company, his personal credentials and experience and impressed me at the outset with a patient and caring manner. He had no hesitancy about going to bat on my behalf with his underwriters and that in particular smoothed and expedited the process. I unequivocally recommend Larry McAnarney to anyone considering a reverse mortgage

Jeffrey L — Dec 2, 2020

Extremely Patient, Courteous, and Helpful My father recently concluded a reverse mortgage for which Mr. Larry McAnarney was the loan officer. I sat in with my father on several of the discussions to help him through the process. Mr. McAnarney was extremely patient, courteous and helpful. He answered all of our questions and went out of his way to make sure that my father understood his options and was comfortable. His conduct was very professional, while exhibiting genuine care for the elderly client whom he was serving. Both my father and I felt very confident about his knowledge, ethics and professionalism. I would recommend Mr. McAnarney to anyone considering the option of a reverse mortgage.

Jackie V — May 15, 2018