Larry McAnarney
815-703-4745

How can I receive the funds from a reverse mortgage?

You have a number of choices for how you receive your funds:

Lump sum
Monthly advances (either for a fixed length of time, or as long as you live in the home)
Line of credit (take funds when you need them) — this has become the most popular option
Or a combination of the above

Verified Reviews

(207)

Exceptional Mortgage Loan Specialist This is my 3rd reverse mortgage due to real estate values increasing in the area. The entire process was done via phone and email...mostly email. Larry McAnarney was very easy to work with, very professional, very responsive with answers to questions re: the program and/or documents. His answers were short, precise, and clear. The remote process of this reverse mortgage was every bit as easy as the previous loans that were done face to face. I am not sure how the process could have been any easier or smoother. Thank You!! Exceptional Mortgage Loan Specialist

Bruce M — Jan 17, 2022

Very Helpful and Efficient Larry McAnarney was very helpful and efficient with us in putting together a refinance of our reverse mortgage. He was easy to work with and made this journey a pleasant and expedient task

Dennis & Gretchen P — Nov 22, 2021

Extremely Knowledgeable 5 Stars! Larry is extremely knowledgeable about reverse mortgages. He shares his knowledge in an easy-to-understand way. The thing I appreciate the most is his patience. He answers my questions at any time and always takes the time to make sure I understand. I highly recommend Larry

Heidi M — Jun 24, 2024