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

(233)

I would recommend Larry in a heartbeat Larry took me the whole way through this unchartered land of reverse mortgages with finesse! His professionalism when I asked seemingly ignorant questions was very respectful and considerate. In working with different lenders along this journey, I contacted Larry again after several months and he led me through the rest of the way! I would highly recommend Larry in a heartbeat! Thanks so much for all your help!

Dana F — Aug 17, 2022

We Were Fortunate to Work with Larry We were fortunate to work with Larry McAnarney and to have his experience which we appreciated. We rate his help and knowledge making our application and signing a top rating. If that is a 5-star and the highest rating, we submit that.

Wayne & Connie H — Jan 12, 2023

Larry made it easy Larry made the process easy to get thru.

Kathy K. — Jan 24, 2014