San Jose, California Reverse Mortgages
Welcome to the San Jose reverse mortgage information center
Larry McAnarney is your San Jose licensed Reverse Mortgage Specialist
Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.
Larry McAnarney
NMLS ID 21059
Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act
Cell Phone: 815.703.4745
Mutual of Omaha Reverse Mortgage
1 E 22nd St. Ste 401
Lombard, IL 60148
Corporate NMLS ID 1025894
I have been educating and answering questions for homeowners and their families about reverse mortgage programs since 1999.
For so many homeowners age 62 and older, a Home Equity Conversion Mortgage (HECM) – also known as a reverse mortgage loan – could be a flexible and effective way to turn the equity you have in your home into funds you can use.
My experience is broad and deep in financial services dedicated to senior households. Today, as a Reverse Mortgage Specialist, my focus is on helping homeowners 62 and older, and their families, understand the reverse mortgage loan process from end to end.
Some Fast Facts About Larry McAnarney
- Co-Author, The Road to Success (Celebrity 2016), Amazon Bestseller
- Quoted in Bloomberg Businessweek (Dec 2015)
- Featured in The Reverse Review (Jan 2016)
Professional Affiliations
- Member of the Society of Certified Senior Advisors since 2006
- Member of the Financial Planners Association
- Volunteer, AARP Representative Payee Program since 2009
Larry McAnarney is your Prescott licensed Reverse Mortgage Specialist
Please contact Larry for additional details and program offerings. Contact us if you would like to know how much money is available to you or request a reverse mortgage quote and fill out the appropriate information.
Larry McAnarney
HECM Loan Specialist
NMLS# 21059 | 815-703-4745
Mutual of Omaha Reverse Mortgage
100 W 22nd St. Ste 101
Lombard, IL 60148
Discover the Key to Financial Freedom: California Reverse Mortgage Information
Welcome to Mutual of Omaha Reverse Mortgage, your trusted source for comprehensive information on reverse mortgages in California. If you’re a homeowner in Los Angeles, San Diego, San Fransico, Sacramento, Monterey, Fresno, Santa Rosa, or anywhere in the Golden State. I can provide answers to your questions and furnish the detailed information you need to make an informed decision.
If you are a homeowner aged 62 or older (55 in some states), you have a valuable financial tool at your disposal: the reverse mortgage. Let's explore how this innovative financial solution can unlock the equity in your home and transform your retirement.
Why Choose a Reverse Mortgage in California?
California is renowned for its vibrant lifestyle, diverse culture, and bustling real estate market. As a homeowner in California, you've likely built considerable equity in your property over the years. A reverse mortgage allows you to access that equity without the stress of monthly mortgage payments. Whether you're looking to supplement your retirement income, cover medical expenses, purchase a retirement home, or embark on new adventures, a reverse mortgage offers the flexibility and freedom you need to enjoy your golden years to the fullest
Empowering California Homeowners
At Mutual of Omaha Reverse Mortgage, we're passionate about empowering California homeowners to make informed financial decisions. I can provide you with personalized guidance and support tailored to your unique needs and goals. I believe in transparency, honesty, and integrity, ensuring that you have all the information you need to make confident choices about your financial future.
Your Journey to Financial Wellness Begins Here
Ready to take the next step towards financial freedom? Explore our comprehensive resources on reverse mortgages in California, including in-depth guides, informative articles, and helpful tools. Whether you're a first-time homeowner or a seasoned real estate investor, we're here to equip you with the knowledge and insights you need to make the most of your home equity.
Larry McAnarney
HECM Loan Specialist
NMLS# 21059 | 815-703-4745
Unlock Your Home's Potential
Your home is more than just a place to live—it's a valuable buffer asset that can enhance your financial well-being in retirement. Discover how a reverse mortgage can help you unlock your home's potential and achieve your long-term goals. Contact me today at 815-703-4745 to schedule a free no obligation consultation. Your journey to financial freedom starts here.
Get a Quote
Verified Reviews
(193)
Step by step help along the way Larry McAnarney was recommended to me. Fortunately, I was able to contact him to assist me in securing a reverse mortgage. He talked to me in terms that I could understand which made my steps possible. He politely and patiently answered my questions and proposed some himself. There was always an update from him on progress or what I should be expecting. To have a person that is comfortable to have a conversation with is important to me. I felt that any question or comment I had was going to be received in a friendly and business like manner. After all the paper work was finished and the reverse mortgage was secured, he still phoned to check if I had questions. I have already recommended him to people who are retirement age, or to their families, in case this could be of assistance to their parents. Obviously, I have a high opinion of my experience.
Deanne R — Mar 31, 2015
Rated 5/5 | 193 Reviews
Larry was Simply Excellent to Work With Larry McAnarney was simply excellent to work with, providing complete information on the details and process of a reverse mortgage understandably, patiently and with evident knowledge and experience. Larry was available for questions throughout the process, always responding in a timely and courteous manner. Overall Larry offered an outstanding customer experience
George & Kaori F — Sep 15, 2020
Rated 5/5 | 193 Reviews
It Was Great It was great .
Megan W — Jun 29, 2023
Rated 5/5 | 193 Reviews
Read More Reviews
Reverse Mortgage Frequently Asked Questions
Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.
Read More
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
Read More
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Read More
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
Read More
Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…
Read More
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
Read More
A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…
Read More
You have a number of choices for how you receive your funds:
Read More
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
Read More
The specific amount depends on several factors, including:
Read More
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Read More
Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…
Read More
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Read More
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
Read More
The loan must be paid in full when one of the following occurs:
Read More
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…
Read More
Below are just a few of the San Jose cities and counties where you can obtain a reverse mortgage.
What is a reverse mortgage?
A Home Equity Conversion Mortgage, or HECM, is a flexible financial product designed for homeowners aged 62 and older. The loan is insured by the Federal Housing Administration (FHA) so that borrowers will not owe more than the value of the home at maturity. With a HECM, also known as a reverse mortgage, you can convert some of the equity in your home into cash to meet financial goals, such as supplementing retirement income, buying a new home, maintaining a quality lifestyle, or preparing for a more secure and rewarding financial future.
All that happens all without giving up ownership or control of your home and without having to make monthly mortgage payments. Of course, as homeowners, you are responsible for occupying the home as your primary residence, keeping up with property maintenance, and staying current on paying property taxes, required insurance and any homeowners’ fees.
Instead of repaying the loan in monthly installments, you or your estate repay the principal, accrued fees and interest when you no longer live in the home.
When it comes to getting your payment, you determine how you’d like to receive your funds based on your individual financial needs and objectives. For example:
- A monthly payment will supplement your income each month.
- A lump sum will provide your available funds at once, subject to initial disbursement limits.
- A line of credit will allow you to withdraw cash as you need it.
- Any combination of the above will give you the added value of flexibility to meet your personal financial requirements.
Reverse Mortgage Frequently Asked Questions
Yes, refinancing is possible. This option may be to your advantage if your home increases in value, making more funds available.
Read More
A HECM is a reverse mortgage loan that's insured by the Federal Housing Administration (FHA).
Read More
You’ll repay the loan balance, any fees that have been added, and the accrued interest. Homeowners (or their heirs) usually…
Read More
Use the proceeds for the things you need and want. For example: refinancing your existing mortgage(s) to improve cash flow; consolidating…
Read More
Reverse mortgages are available with either fixed or variable rates. Borrowers who elect a fixed-rate…
Read More
The funds from a reverse mortgage generally do not affect regular Social Security or Medicare benefits. However, needs-based benefits, such as Medicaid…
Read More
A reverse mortgage is a home-secured loan that’s exclusively for homeowners and homebuyers age 62 and older. It allows borrowers to convert some of…
Read More
You have a number of choices for how you receive your funds:
Read More
A reverse mortgage offers certain advantages:
- With a traditional home equity loan or home equity line of credit, you…
Read More
The specific amount depends on several factors, including:
Read More
With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed…
Read More
Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse…
Read More
Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.
Read More
The other borrower continues to own and live in the home — and enjoy all the benefits of their reverse mortgage.
Read More
The loan must be paid in full when one of the following occurs:
Read More
To be eligible for a reverse mortgage, you’ll need to meet the requirements set by the federal government:
Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds…
Read More