Larry McAnarney
815-703-4745

How can I receive the funds from a reverse mortgage?

You have a number of choices for how you receive your funds:

Lump sum
Monthly advances (either for a fixed length of time, or as long as you live in the home)
Line of credit (take funds when you need them) — this has become the most popular option
Or a combination of the above

Verified Reviews

(233)

A True Pleasure to Work With Larry was very easy to work with, always took the time to explain any questions we had and was true pleasure to work with. .

Dave & Mary K — Nov 9, 2023

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

Exceptional Mortgage Loan Specialist This is my 3rd reverse mortgage due to real estate values increasing in the area. The entire process was done via phone and email...mostly email. Larry McAnarney was very easy to work with, very professional, very responsive with answers to questions re: the program and/or documents. His answers were short, precise, and clear. The remote process of this reverse mortgage was every bit as easy as the previous loans that were done face to face. I am not sure how the process could have been any easier or smoother. Thank You!! Exceptional Mortgage Loan Specialist

Bruce M — Jan 17, 2022