Larry McAnarney
815-703-4745

Reverse Mortgage Income

Income From Reverse Mortgages

Reverse mortgage income, or proceeds, may be received in 4 ways. A lump sum payment, A line of credit, monthly reverse mortgage income payments, or a combination of the above. The amount of income you receive is based on the age of the youngest borrower, the homes value (less any outstanding mortgage) and the current interest rate. As far as Taxes, reverse mortgage income is not taxable. For more information About Reverse Mortgages, please see the Reverse Mortgage Information page of this website. You may also visit the following link to return to the Reverse Mortgage home page, or request a free Reverse Mortgage Quote online.

Verified Reviews

(233)

Just like your best friend Larry made the whole process as if it was going to your favorite store. No pain he took it out of the process and was so very helpful. We started with a competitive company and the could get their act together we by chance came to Larry wish we would have started with him. Thank you Larry for a job well done.

Simon M. — Nov 26, 2022

Larry made it easy Larry made the process easy to get thru.

Kathy K. — Jan 24, 2014

Most Helpful-Right Decision I know that I made the right decision using Larry McAnarney. He was most helpful in going through the process of securing a reverse mortgage for me. I had spoken to at least three competitors of Larry, but none were as friendly and to the point as Larry was. Larry made the whole experience of a reverse mortgage pleasant. I would highly recommend Larry to anyone considering a reverse mortgage.

Harold P — Oct 15, 2014