Larry McAnarney
815-703-4745

When will the principal and interest charges become due?

The loan must be paid in full when one of the following occurs:

A “maturity event” — the loan becomes due and payable when the home is sold, or the borrower or qualified non-borrowing spouse no longer occupies the home as their principal residence (i.e., passes away, moves out, or vacates the property for more than 12 months) due to mental or physical illness.
You fail to pay property taxes or homeowners insurance.
You let the property deteriorate beyond what is considered reasonable wear and tear, and do not correct the problem.

Verified Reviews

(229)

Our Stress is Gone! You are definitely a 5-star. Whenever we had a question, you were able to answer it. Our stress is gone! We are glad we had you to guide us through this process. Thank you!

Gary & Annette S — Jan 12, 2023

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

We Enjoyed Working with Larry Larry is very knowledgeable and answered all of our questions and explained very thoroughly how the reverse mortgage program we were interested in worked and he guided us so that the process of applying went very smoothly. Plus, he's just a great guy & we enjoyed working with him. .

David & Abbi W — Mar 10, 2023