Larry McAnarney
815-703-4745

Reverse Mortgage Alternatives

Alternatives to Reverse Mortgages

The reverse mortgage should not be considered a "first choice" for older adults looking for extra cash. There are alternatives. It does have its advantages, but in some cases, the reverse mortgage fees outway the benefits. Below are some reverse mortgage alternatives to consider before gettting this type of loan.

Reverse Mortgage Alternatives

Downsizing - Selling the home and moving into smaller quarters
The Home Equity Loan or Home Equity Line of Credit (HELOC)
Refinancing the home completely
Having the children buy the home, and lease back to you
Securing money for home repairs from other sources

To discuss these reverse mortgage alternatives with a licenced Reverse Mortgages Consultant (RMC), please Contact Us. The RMC can help you determine if the reverse mortgage alternative is a good financial choice for you.

Verified Reviews

(233)

Very Helpful I am so glad I had Larry help me with my reverse mortgage. I talked to two other companies before choosing Larry. I could not have had a more professional and nice person to answer all my questions.

Dale A — Jun 14, 2018

Proficiency & Knowledge: Larry's proficiency and knowledge of the matter of reverse mortgage and its details was so helpful. Several members from my family of origin were also involved in helping me make this decision. Having a disability, I had to proceed consciously as I enter into my golden years of life. Larry was well aware of my situation and always kept that a consideration when developing this plan for me

Nik L: — Feb 20, 2025

We Loved the Personal Touch We had talked to other reverse mortgage companies, but it was always over the phone. We liked the fact that Reverse Mortgage Funding had someone come to our house. We loved the personal touch. Our loan specialist Larry McAnarney did an outstanding job explaining the reverse mortgage process. He was just wonderful to work with. He kept us up to date with how the process was going with email and phone calls. We highly recommend him and RMF to anyone thinking about a reverse mortgage.

Casey & Sandra C — Mar 8, 2019