Larry McAnarney
815-703-4745

Reverse Mortgage Tax

Reverse Mortgages & Taxes

Reverse Mortgage Income is NOT income-taxable¹. Since it comes from the equity of a primary residence and is considered a mortgage loan, the IRS does not consider the reverse mortgage proceeds as income and therefore not income-taxable¹. The income-tax free income¹ from the reverse mortgage is a boon to many Senior Citizens, struggling to retire on too small an amount.

Visit the following link to return to the ReverseMortgage home page or request a free Reverse Mortgage Quote.

¹ Consult a Tax Professional

Verified Reviews

(223)

Larry is an Asset to the Company I had been thinking about a Reverse Mortgage for some time but was hesitant to take the first step. A friend gave me Larry’s name and I decided to talk to him. Larry was helpful, answered questions and made the process easy and efficient. He is an asset to the company, and I would give him a 5-star rating and recommend him to others doing a Reverse Mortgage

Veronica S — Jan 11, 2023

Reverse Mortgage Experience Excellent service! We were lucky to deal with Larry McAnarney who with his know-how and involvement helped us through a very difficult time. He went above and beyond his responsibilities to help us in the reverse mortgage world. Thanks!

Thomas & Denise C — May 14, 2014

Great Service Larry McAnarney was great to work with. The whole process was fast and easy to understand. I had to assist my mother with this process due to my father's ailing health. I know that my dad would be very happy with the choices we made and the service that was provided to us by Larry.

Amy D — Jan 29, 2014