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)

Larry is Very Professional and Helpful Larry has been very professional and helpful in the reverse mortgage process. He always kept me updated during this process and giving me feedback. Thank you Larry

Rogeilo C — Nov 14, 2020

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

Larry Has Knowledge, Expertise, and Patience Larry is the best! He walked me through the process, explained all of my options, and was always available to answer my questions, I had many of them. He has the knowledge, expertise, and the patience that I required to guide me through this process. I was fortunate that he was referred to me by my financial planner, and I think that anybody else he works with will feel the same way.

Phyllis J — Jan 22, 2019