Larry McAnarney
815-703-4745

Will I have to pay any fees?

With the exception of a fee for government-required reverse mortgage counseling, most of the fees associated with a reverse mortgage can be financed with your loan, so there’s no immediate out-of-pocket cost. The costs are added to the loan amount (“principal”) and paid along with the accrued interest when the loan becomes due. Depending on the loan option you choose, these fees may include an origination fee, closing costs, a mortgage insurance premium (required for HECM loans) and a monthly servicing fee. We will let you know exactly what costs are involved.

Ask us about our Low-Cost Equity Elite pricing option, which eliminates nearly all origination and closing costs.

Verified Reviews

(233)

Very Happy Realtor As the buyers and sellers agent I can tell you that Larry was very responsive and answered all our questions on the reverse mortgage purchase transaction. He was able to get this loan closed after several other conventional lenders had turned down the buyer’s loan.

Denise M — Dec 19, 2017

Extremely Patient, Courteous, and Helpful My father recently concluded a reverse mortgage for which Mr. Larry McAnarney was the loan officer. I sat in with my father on several of the discussions to help him through the process. Mr. McAnarney was extremely patient, courteous and helpful. He answered all of our questions and went out of his way to make sure that my father understood his options and was comfortable. His conduct was very professional, while exhibiting genuine care for the elderly client whom he was serving. Both my father and I felt very confident about his knowledge, ethics and professionalism. I would recommend Mr. McAnarney to anyone considering the option of a reverse mortgage.

Jackie V — May 15, 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