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

(213)

Larry is Very Professional and Helpful Larry has been very professional and helpful in the reverse mortgage process. He always kept me updated during this process and giving me feedback. Thank you Larry

Rogeilo C — Nov 14, 2020

Personal comfort and re-assurance My representative was Larry McAnarny, who was very concerned that I understood everything necessary to apply for a reverse mortgage. He was there for me the whole step of the way to advise me or help me make a decision. Larry gave me the good and bad specifics and I had to make all the decisions. Regardless of how unimportant I thought my questions were, or how often I contacted,Larry, he assured me that they were valid, and gave me his time to clarify and answer my questions. I am happy and feel very secure and comfortable with the counseling I received I HIGHLY recommend Larry with 10+ rating from me.

Janet H — Jul 26, 2016

Larry Takes the Time Necessary Larry takes the time necessary to make sure everyone in both the purchasing and selling groups understand the complete Reverse Mortgage for Purchase program. Larry does not hurry through the answers to questions, but does not waste time either. He will be the one suggested on any future transactions that need his help and assistance.

Ray K — Feb 17, 2020