Larry McAnarney
815-703-4745

Will I be taxed on my reverse mortgage proceeds?

Typically, reverse mortgage loan funds are not subject to income tax. Contact your tax advisor for additional details.

Verified Reviews

(233)

It Was a Pleasure to Work with Larry It was a pleasure to work with Larry throughout the reverse mortgage process. He gave simple and thorough explanations to my questions, had endless patience and was always kind and happy to offer wise advice. Thank you Larry!

Sara K — Apr 13, 2020

Extremely Knowledgeable 5 Stars! Larry is extremely knowledgeable about reverse mortgages. He shares his knowledge in an easy-to-understand way. The thing I appreciate the most is his patience. He answers my questions at any time and always takes the time to make sure I understand. I highly recommend Larry

Heidi M — Jun 24, 2024

Larry was Recommended to Me Larry McAnarney was recommended to me by a mortgage banker at Evanston Community Bank. When I called Larry, he was very helpful and insightful to set me in the direction in filling out all the documents needed to process the reverse mortgage. If anyone needs help in getting a reverse mortgage, Larry is the person to use

Mike & Gail M — Jan 19, 2022