Larry McAnarney
815-703-4745

Can I refinance my existing mortgage, home equity loan, or other debts with a reverse mortgage?

Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse mortgage can be a more suitable solution. That's because a reverse mortgage has a flexible repayment feature, which puts you in control of how much you pay towards principal and interest each month. For as long as you live in the home, you can choose to pay as much as little as you like, or make no monthly loan payment at all — freeing up money for other purposes.

As the homeowner, you'll still have to pay property taxes and insurance, and keep the home in good shape.

Verified Reviews

(233)

Larry treated me respectfully Larry treated me respectfully, explained every step in the process. He was always there for any questions I had. I would recommend him to all my friends and family.

Sheila R — Apr 29, 2015

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

A Rocky Road Made Smooth My particular mortgage refinance was exceptionally complicated involving divorce decrees, lawyers and and settlement issues. Cutting to the chase, the situation was handled with professionalism and grace by my agent Larry McAnarney. At times when I felt like ripping my hair out, Larry was there to help each step of the way and keep the loan on track. It was a dedication far beyond what I would have expected. I'd recommend him to anyone seeking a reverse mortgage in a New York minute.

Rob M — Sep 24, 2015