Larry McAnarney
815-703-4745

Can I refinance my existing mortgage, home equity loan, or other debts with a reverse mortgage?

Yes. For many homeowners age 62 and older who are looking to refinance their mortgage(s) or consolidate debt to reduce their monthly bills, a reverse mortgage can be a more suitable solution. That's because a reverse mortgage has a flexible repayment feature, which puts you in control of how much you pay towards principal and interest each month. For as long as you live in the home, you can choose to pay as much as little as you like, or make no monthly loan payment at all — freeing up money for other purposes.

As the homeowner, you'll still have to pay property taxes and insurance, and keep the home in good shape.

Verified Reviews

(233)

Very Helpful and Answered My Questions I talked to 3 different RV mortgage companies to start with and all of them wanted me to sign up, offering very little information. Then I talked to Larry McAnarney. He was very helpful explaining details and answered my questions very well. He was very patient with me and we closed the reverse mortgage. I would highly recommend him for reverse mortgage loan.

Jack C — Feb 3, 2020

Larry is Very Patient: Thank you for your help Larry. You were very patient and reached out to me numerous times to make sure I understood the process

Candice C — Oct 4, 2025

Informative & Always Available Larry was very informative and always available when I had questions. I was very pleased with everything, including the closing. I have already recommended him to other people that might be interested. .

Jim B — Mar 21, 2023