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

(182)

Larry Always Made Himself Available Larry McAnarney, our loan specialist, helped us navigate the loan process with his guidance and expertise. He provided options and explanations along the way, always with my mom’s best interest in mind. He personally presented our case to the Homeowner’s Association and acted as our liaison with them. Larry always made himself available to us, and communicated in a fast, effective, concise manner. We recommend Larry as a loan specialist because of our positive experience and for his knowledgeable ability and his willingness to serve you.    

Victoria P — Jan 4, 2021

I would recommend Larry to my friends Larry was great, he answered all of my questions and made the process easy. I would recommend him to my friends, I don't often recommend anybody and things.

William M — Sep 25, 2015

Excellent Service Larry was very helpful and walked us through the entire process. He is very knowledgeable and answered all my questions quickly. He kept me updated through every step. I would highly recommend Larry's services. Excellent service.

Wilma K — Apr 8, 2022

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