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

(229)

We Were Nervous About Reverse Mortgages… We were nervous about reverse mortgages, not knowing what to expect. So glad we got to work with Larry McAnarney. He put to rest all our concerns and dealt with our numerous questions with patience and tons of knowledge. Would gladly recommend him.

Anna G — May 12, 2022

Highly Impressed Upon my initial conversation with Larry I was highly impressed along with his credentials. As I continued to work along with him in obtaining all the documentation Larry requested, he came across some huge hurdles regarding my financial situation, but managed to resolve ALL and was able to successfully acquire a reverse mortgage for myself. I cannot thank Mr. McAnarney enough for providing me with a comforting financial lifestyle. Larry truly left me with a lasting and positive impression while accomplishing all that he could for me. Emotionally now, I can see the light at the end of the tunnel. If you are looking to take the next step to financial security and peace of mind, I highly would recommend the very ultimate and polished man in his field, Mr. Larry McAnarney.

Donna G — Apr 4, 2017

God Bless I would not have been able to do it without Larry, God Bless

Theresa G — Jan 5, 2024