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

(224)

Larry Deserves 10 stars! Larry is the best - deserves 10 stars!

Jim H — Jun 9, 2020

Knowledgeable, Friendly, and Attentive: Larry is very knowledgeable, friendly, and attentive to my questions and understanding of the loan process. I feel he is very trustworthy along with a great deal of expertise making the loan process easy and free of issues.

Tim P — Mar 28, 2025

Larry is the Reason We Chose to Proceed Larry McAnarney is the reason we chose to proceed with a reverse mortgage. I had spoken to several individuals with other companies, always feeling after lengthy conversations we were being pressured. After Larry took the time and patience to explain the entire process and had the professional ability to access our financial situation, we knew we could trust and rely on his assistance. Our understanding of the process prior to Larry, was uninformed. We were not pressured in any way and truly feel had a reverse mortgage not been a benefit to us, Larry would have advised us to not pursue a reverse mortgage, even if it meant loosing a client. Larry is a kind, caring and ( very very patient) man. Thank you Larry!

Larry & Joy B — Feb 14, 2020