Larry McAnarney
815-703-4745

Can I use a reverse mortgage to purchase a home?

Yes, with the HECM (Home Equity Conversion Mortgage) for Purchase loan, qualified borrowers can use their loan proceeds to buy a home that better suits their needs and lifestyle. It’s a home financing option that can make it easier for buyers age 62 and older to afford the home they want, while preserving more of their savings.

Verified Reviews

(233)

A True Advocate I just completed the Reverse Mortgage Process with Larry McAnarney. Throughout this process, Larry kept me informed, answered my questions promptly and conducted himself with the highest degree of integrity. It means so much to me to have a true advocate throughout this process; a truly important transaction for me. I would highly recommend Larry to anyone securing a reverse mortgage.

Susan W — Apr 6, 2022

Larry Truly Cares About Those He Helps From our first meeting we felt at ease. Larry is definitely knowledgeable with the reverse mortgage and he helped us to understand what went on with each step of the process. He was patient, a good listener, and took his time to explain issues in a way we understood. In the end we felt confident we had made the right decision and had chosen the right person to guide us. Larry truly cares about those he helps. We so appreciate his looking out for us. Thank you, Larry.

Ron & Carol T — Feb 13, 2018

Excellent Service Larry was very helpful and walked us through the entire process. He is very knowledgeable and answered all my questions quickly. He kept me updated through every step. I would highly recommend Larry's services. Excellent service.

Wilma K — Apr 8, 2022