Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(224)

Larry was Always Available I spent my career in sales & marketing and am very familiar with selling a high-end product. Larry is one of the best. He kept the needs of his customer his primary objective. Thanks to Larry I am on my feet again.

Jim & Judy L — Oct 12, 2021

Larry Continues to do a Truly Expert Job Larry did and continues to do a truly "EXPERT JOB" to simplify what is otherwise a seemingly complicated matter. I'm quite satisfied with all that he has done for me

John J — Dec 11, 2020

I absolutely give you a 5+ star review in the processing of my reverse mortgage. You were very helpful in making sure I understood everything. Thanks Larry

Pam B — Jan 25, 2025