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

(213)

Easy to Communicate with and Prompt in Responding Larry was very helpful in explaining the reverse mortgage process and what to expect. He was easy to communicate with and prompt in responding to questions.

Lynne P — Jul 2, 2024

Larry Worked Very Hard Larry went the extra mile in getting the loan to go through, and although I am in a better situation than before, the process did not end up creating what I needed it to create, but I am grateful for the fact that things are better. This was still the road I needed to take, and Larry worked very hard to make it happen. .

Lita T — Aug 21, 2023

Larry is an Exceptional Employee Larry McAnarney is an exceptional employee. His knowledge and experience were very important for Tom and I. Larry answered all of our questions about the process we were going through. Larry is the best at what he does and we give him a top star rating. Thank you for all your help and support.

Tom & Debbi B — Oct 5, 2020